PROOFOFCUSTODY
Bitcoin
Data
Get the Report
PROOFOFCUSTODY

The independent scoring system for Bitcoin custody. Every platform scored and ranked.

$1B+ in assets under custody expertise

No spam. Unsubscribe anytime.

PLATFORM SCORES
All ScoresCompareMethodologyCustody Assessment
LEARN
Bitcoin 101Custody GuidesFAQQuiz
RESOURCES
DataPodcastReport
CONNECT
Twitter / XLinkedInYouTubehello@proofofcustody.io
2026 Proof of Custody. An Onramp Bitcoin publication.proofofcustody.io
Back to Scores

BNY Mellon

B
World's Largest Custodian BankSPOFInstitutions & Fund Managers

BNY Mellon is the world's largest custodian bank with over $52 trillion in assets under custody. It holds USDC cash reserves for Circle, custodies assets for 11 spot Bitcoin ETFs, and provides digital asset custody services. BNY Mellon's Digital Asset Custody platform launched in 2022, offering institutional-grade safekeeping for digital assets.

76
Custody & SecurityEase of UseFeesFeaturesTransparencySupport
Score Breakdown
Custody & Security35% weight
88
Ease of Use20% weight
58
Fees15% weight
55
Features10% weight
62
Transparency10% weight
85
Support10% weight
78
Assessment
Key Strength

World's largest custodian bank ($52T+ in assets under custody). Holds USDC cash reserves for Circle. Custodies assets for 11 Bitcoin ETFs. Unmatched regulatory credibility and balance sheet.

Primary Risk

Traditional bank infrastructure — slower innovation than crypto-native custodians. Digital asset custody is a small fraction of overall business. Premium institutional pricing.

Pros
  • +Unmatched custodial track record (240+ years)
  • +Highest regulatory credibility
  • +Massive balance sheet and insurance
  • +USDC reserve custody partner
Cons
  • -Premium institutional pricing only
  • -Slower digital asset innovation
  • -Complex enterprise onboarding
  • -Digital assets are small part of overall business
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
✕Proof of Reserves
Insurance
Regulated Custodian
No Physical Exposure
Multi-Jurisdiction
✕Inheritance
Segregated Insurance
✕IRA
✕Lending
✕Buy/Sell
✕Dynasty Trusts
Fees
Custom institutional pricing
MinimumInstitutional only
Security
Key Management
Institutional banking infrastructure
SOC Compliance
SOC 1 Type 2, SOC 2 Type 2
Penetration Testing
Insurance & Regulatory
✓Qualified Custodian
Jurisdiction
United States
Licenses
NY State Banking Charter, Federal Reserve Member, SEC Registered
Compare

BNY Mellon vs Others

vs OnrampA
90/100
vs Onramp FinanceA
89/100
vs UnchainedA-
85/100
vs Onramp LendingA-
84/100