BNY
BNY is a 242-year-old global custody and asset servicing bank overseeing $59.4 trillion in assets under custody, serving investment managers, asset owners, banks, broker-dealers, and corporations across 35 countries via custody, securities services, payments, collateral management, digital asset infrastructure, and wealth platforms.
- Company typePublic
- Founded1784
- HeadquartersNew York, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What BNY does
BNY (The Bank of New York Mellon Corporation, NYSE: BK) is a 242-year-old global financial services company headquartered in New York, operating as a custody and asset servicing platform serving investment managers, asset owners, banks, broker-dealers, insurance companies, corporations, wealth intermediaries, alternative asset managers, and individuals/family offices across 35 countries and 100+ markets. As of Q1 2026, BNY oversaw $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management, touching approximately 20% of the world's investable assets and serving over 90% of Fortune 100 companies. The company operates through a "platform-plus-modules" architecture built around a custody core, with specialized modules spanning digital assets (USDC minting/redemption on Ethereum and Solana), data and analytics (cloud-native, AI-enabled, integrated with BlackRock's Aladdin and BNY's own Helix), fund administration, collateral management (a $7.8 trillion liquidity pool), payments, execution services, issuer services, and wealth management via the BNY Pershing sub-brand.
Revenue is generated primarily through recurring, fee-based streams: custody and securities services fees ($3.77 billion in Q1 2026, up 11% YoY) form the largest line, supplemented by net interest income ($1.37 billion in Q1 2026, up 18% on higher rates and balance sheet expansion), investment management fees on $2.1 trillion AUM, and FX/trading revenue. Pricing is structured as negotiated basis points on assets under custody/administration for institutional clients, with a subscription-based motion delivered through direct enterprise field sales. Distribution combines direct institutional coverage, the BNY Pershing wealth intermediary channel, the CIBC Mellon joint venture in Canada, and government program partnerships (notably financial agent for the U.S. Treasury's Trump Accounts program). Recent strategic emphasis has shifted toward digital asset infrastructure — including stablecoin custody, tokenization, and consortium participation in Open Standard and Canton Network — positioning BNY as the institutional backbone for tokenized financial market infrastructure.
BNY firmographics
Firmographics- Name
- BNY
- Legal name
- The Bank of New York Mellon Corporation
- Website
- https://bny.com
- Company type
- Public
- Founded year
- 1784
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- BNY is a 242-year-old global custody and asset servicing bank overseeing $59.4 trillion in assets under custody, serving investment managers, asset owners, banks, broker-dealers, and corporations across 35 countries via custody, securities services, payments, collateral management, digital asset infrastructure, and wealth platforms.
- Ownership category
- akta.pro rank
Where BNY is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
BNY business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Custody and Securities Services Fees: Fee-based revenue from servicing massive volumes of institutional assets including mutual funds, pensions, ETFs, and 401(k)s, with fees increasing as asset totals grow. This is BNY's primary revenue driver, generating $3.77 billion in fee revenue in Q1 2026 (up 11% year-over-year).
- Net Interest Income: Interest earned on balance sheet activities, deposits, and lending operations. BNY reported $1.37 billion in net interest income in Q1 2026 (up 18% surge), benefiting from elevated interest rates and expanded balance sheet.
- Investment Management Fees: Fees from managing $2.1 trillion in assets under management across BNY Investments and affiliated investment management boutiques globally.
- Foreign Exchange and Trading Revenue: Revenue from FX trading and execution services, foreign exchange activity from institutional clients rebalancing portfolios, and market execution services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Institutional custody and servicing fees |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
BNY product offering
Product offeringCore offering
BNY provides custody, securities services, investment management, and treasury/payments services to institutional clients including asset managers, banks, broker-dealers, sovereigns, and corporates. The firm operates global financial market infrastructure supporting the full lifecycle of investments across 100+ markets, with $59.4 trillion in assets under custody/administration and $2.1 trillion in assets under management.
Product overview
BNY is a global financial services company operating as a platform-plus-modules architecture, offering holistic solutions across the financial lifecycle. The core platform consists of custody and securities services managing $59.4 trillion in assets, supported by specialized modules including Digital Assets (stablecoin infrastructure for USDC), Data and Analytics Solutions (cloud-native AI-enabled analytics), Fund and Investor Solutions, Managed Account Solutions, Global Payments and Trade, Global Collateral, Liquidity and Financing, Execution Services, Issuer Services, Global Clearing, and Integrated Middle Office Solutions. Wealth management services are delivered through BNY Pershing and the Wealth Management division. The company also offers Investments products managing $2.1 trillion in assets. Recent additions include tokenized fund infrastructure supporting Ethereum and Solana blockchains, and stablecoin custody capabilities for institutional clients.
Differentiator
Problem solved
Functional benefit
Brands
- CIBC Mellon: Joint venture with CIBC focused on investment servicing needs of Canadian institutional investors
- BNY Investments Canada
- BNY Pershing
- Pershing
Products and services
- Asset Servicing
- Issuer Services
- Investment Management
- Wealth Management
- Treasury Services
- Collateral Management
- Data and Analytics Solutions
- Digital Asset Platform
Quantifiable outcome
- Assets under custody and administration reached $59.4 trillion as of Q1 2026
- +4 more outcomes
Companies that use BNY
Customer profileNamed customers7 records
Segments9 records
Ideal customer profiles4 records
BNY technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability2 records
Feature4 records
BNY partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship, minor and core.
- RobinhoodflagshipBNY serves as the financial agent for Trump Accounts, a federal children's savings program providing $1,000 government-funded investment accounts for children born 2025-2028. Robinhood provides the consumer-facing interface as the selected brokerage and initial trustee. The program has over 4-6 million children enrolled.
- U.S. Treasury DepartmentflagshipBNY serves as financial agent for Trump Accounts program administered by the U.S. Treasury Department, managing custody, servicing, and administration of initial accounts for children born 2025-2028.
- BitwiseminorBitwise named BNY Mellon as a key service provider in its S-1 filing for a spot NEAR ETF, alongside NYSE Arca and Coinbase Custody.
- Coinbase CustodycoreCoinbase Custody named as key service provider alongside BNY Mellon and NYSE Arca for Bitwise's spot NEAR ETF filing.
- Standard CharteredcoreStandard Chartered and BNY Mellon both expanded USDC stablecoin services as two of the world's largest global systemically important banks, signaling broader industry shift toward stablecoin infrastructure adoption.
- Open Standard ConsortiumcoreBNY is a founding partner in Open Standard, a consortium of 140+ companies (including Visa, Mastercard, Stripe, BlackRock, Coinbase, Google, and others) launching Open USD (OUSD), a dollar-pegged stablecoin expected to go live later in 2026. The initiative enables businesses to mint and redeem stablecoins with no fees, while returning reserve earnings to participating partners.
- Circle Internet GroupcoreBNY expanded its relationship with Circle to make USDC the first stablecoin on BNY's Digital Asset Custody platform. Institutional clients can now store, transfer, mint, and burn USDC directly through BNY's custody infrastructure on Solana and Ethereum. BNY has been safeguarding USDC reserves since April 2022.
- Canton NetworkcoreBNY participates in the Canton Network, a blockchain network for financial institutions including Goldman Sachs, HSBC, BNP Paribas, Standard Chartered, Société Générale, and Deutsche Börse, processing over $8 trillion in RWAs monthly.
- Baillie GiffordflagshipBNY partnered with Baillie Gifford to launch the UK's first fully native tokenized investment fund (BAGEY), operating entirely on-chain on Ethereum and Solana blockchains. BNY provides tokenization and wallet infrastructure, with the blockchain serving as the official record of ownership.
- Ethena LabscoreEthena Labs committed $250 million to Securitize's STAC tokenized CLO fund with BNY as custodian and sub-adviser. The allocation broadens the collateral base behind Ethena's USDe and USDtb stablecoins with institutional-grade fixed income exposure.
- EuronextcoreEuronext partnered with BNY to enhance collateral management capabilities for clearing operations. BNY serves as triparty agent and integrates its Global Collateral Platform ($7.8 trillion liquidity pool) with Euronext Clearing for automated collateral selection, valuation, and substitution.
- SecuritizecoreBNY serves as custodian and sub-adviser for Securitize's tokenized AAA CLO Fund (STAC) expanded to the Solana blockchain. The fund provides exposure to the $1.3 trillion global CLO market through regulated onchain securities.
- Archer Holdco, LLCcoreBNY Mellon Corporation announced acquisition of Archer Holdco, LLC, a provider of managed account solutions. The acquisition aims to enhance BNY's platform by integrating Archer's cloud-based, multi-product solution for various investor needs, expected to close in late 2024.
- Milestone GroupcoreBNY acquired Milestone Group, a fund management technology provider, to enhance digital solutions including automation and core asset services, supporting strategic growth and client service capabilities.
- CIBC MelloncoreCIBC Mellon is a joint venture owned by BNY (50%) and Canadian Imperial Bank of Commerce (50%), founded in 1996. The company provides investment servicing solutions for Canadian institutional investors including custody, fund administration, pension services, and securities lending.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
BNY competitors and assessment
Company assessmentDirect peers
- State Street: State Street is BNY's most direct competitor in global custody and fund administration, both serving as major custodian banks for institutional asset managers and asset owners. Both firms compete in ETF servicing, custody, and middle-office solutions at comparable scale.
- Northern Trust: Northern Trust is a direct peer in institutional custody, asset servicing, and asset management for institutional and high-net-worth clients. Both firms compete directly for asset owner mandates, wealth management intermediaries, and global custody engagements.
- Goldman Sachs: Goldman Sachs is both a custody partner (joint tokenization initiative via GS DAP) and a competitor in prime brokerage, securities services, execution services, and asset management for institutional clients. Both firms target the same large institutional client base globally.
Broad incumbents
- HSBC: HSBC is a global custodian and part of the Canton Network alongside BNY, competing in cross-border custody, FX, and securities services. It serves similar institutional client segments globally with comparable scale in international markets.
- BlackRock: BlackRock is the world's largest asset manager and a partner via the Aladdin platform integration, but it also competes in investment management (where BNY has $2.1T AUM) and increasingly in technology infrastructure for asset owners.
- JPMorgan Chase: JPMorgan operates a broad institutional banking franchise that overlaps with BNY in custody, securities services, asset management, and global payments. As a much larger universal bank, JPMorgan is a broad incumbent competing across multiple of BNY's core segments.
- Citigroup: Citigroup is a global systemically important bank that competes with BNY in custody, fund services, securities services, and FX execution. As a broader universal bank, it overlaps in institutional client coverage and global market infrastructure.
- Fidelity Investments: Fidelity is a broad incumbent in asset management and custody, serving institutional and retail investors. While more retail-tilted than BNY, Fidelity competes in fund administration, custody, and increasingly in digital asset services.
Regional players
- CIBC Mellon: CIBC Mellon is BNY's own 50/50 joint venture with CIBC in Canada, providing investment servicing for Canadian institutional investors. Listed separately because it illustrates a regional custody model that BNY operates through partnership rather than as a wholly-owned subsidiary.
Emerging players
- Coinbase (Coinbase Custody): Coinbase Custody is a direct competitor in institutional digital asset custody, named alongside BNY in Bitwise's spot NEAR ETF filing. As a crypto-native specialist, it competes for institutional mandates with faster product velocity and deeper crypto-industry relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
BNY social profiles
Digital presenceBNY compliance and trust
Trust signalCompliance2 records
BNY financial estimates
Financial estimateRevenue estimate
Valuation estimate
BNY leadership team
Management profileNumber of profiles
Profiles2 records
BNY subsidiaries and ownership
Company hierarchySubsidiaries6 records
BNY funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BNY M&A and investment
M&A and investmentM&A8 records
Investments69 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BNY
What does BNY do?
BNY provides custody, securities services, investment management, and treasury/payments services to institutional clients including asset managers, banks, broker-dealers, sovereigns, and corporates. The firm operates global financial market infrastructure supporting the full lifecycle of investments across 100+ markets, with $59.4 trillion in assets under custody/administration and $2.1 trillion in assets under management.
Is BNY a public or private company?
BNY is a public company. It is classified as public and is currently operating.
When was BNY founded?
BNY was founded in 1784. It employs 5,001 to 10,000 people.
Where is BNY based?
BNY is headquartered in New York, United States, in the North America region.
How does BNY make money?
Four revenue lines are on record. Custody and Securities Services Fees are the primary driver. The others are net Interest Income, investment Management Fees and foreign Exchange and Trading Revenue.
Who are BNY's main competitors?
Direct peers on record are State Street, Northern Trust and Goldman Sachs. Broad incumbents are HSBC, BlackRock, JPMorgan Chase, Citigroup and Fidelity Investments. CIBC Mellon is listed as a regional player. Coinbase (Coinbase Custody) is listed as an emerging player.
Does BNY have an API?
No public API is recorded for BNY.