BNY Plans Bitcoin and Ethereum Custody as Taurus Flags Quantum Risk

BNY, which has $59.4 trillion in assets under custody and administration, announced in May that it would offer Bitcoin and Ethereum custody in Abu Dhabi. Standard Chartered confirmed it will fully acquire Zodia Custody, with the deal expected to close by the end of August. Taurus argues that MPC custody may face structural limits when blockchains migrate to quantum-resistant signatures.
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