BNY

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.

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

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. 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).
2. 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.
3. Investment Management Fees: Fees from managing $2.1 trillion in assets under management across BNY Investments and affiliated investment management boutiques globally.
4. 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

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers7 records

Segments9 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability2 records

Feature4 records

Partnerships

15 partnerships are on record, tiered flagship, minor and core.

• RobinhoodflagshipStrategic or Co-development Partner · 4 July 2026BNY 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 DepartmentflagshipStrategic or Co-development Partner · 4 July 2026BNY 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.
• BitwiseminorChannel Partner/ Reseller/ Distributor · 3 July 2026Bitwise 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 CustodycoreChannel Partner/ Reseller/ Distributor · 3 July 2026Coinbase Custody named as key service provider alongside BNY Mellon and NYSE Arca for Bitwise's spot NEAR ETF filing.
• Standard CharteredcoreTechnology or Integration · 2 July 2026Standard 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 ConsortiumcoreStrategic or Co-development Partner · 30 June 2026BNY 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 GroupcoreTechnology or Integration · 29 June 2026BNY 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 NetworkcoreTechnology or Integration · 23 June 2026BNY 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 GiffordflagshipStrategic or Co-development Partner · 22 June 2026BNY 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 LabscoreStrategic or Co-development Partner · 18 June 2026Ethena 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.
• EuronextcoreTechnology or Integration · 17 June 2026Euronext 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.
• SecuritizecoreTechnology or Integration · 12 June 2026BNY 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, LLCcoreStrategic or Co-development Partner · 5 September 2024BNY 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 GroupcoreTechnology or Integration · 8 July 2021BNY 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 MelloncoreStrategic or Co-development Partner · 1 January 1996CIBC 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

Direct 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

• Xx.com/bnyglobal
• YouTubeyoutube.com/@bnyglobal
• Facebookfacebook.com/bny
• LinkedInlinkedin.com/company/bnyglobal
• Instagraminstagram.com/bnyglobal
• TikToktiktok.com/@bny

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments69 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BNY