Aug 4, 2026 3:03 PM
The era of the "safe" bank vault is dead. BNY Mellon, a 240-year-old institution managing $62 trillion, is now pushing institutions to lock up their crypto in blockchain networks to chase staking rewards. By moving beyond simple safekeeping, the world’s largest custodian is normalizing the inherent risks of proof-of-stake protocols. Is it responsible for a bank to prioritize yield over pure security, or is this the only way for traditional finance to survive? What’s your take?
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