NEW YORK — BNY CEO Robin Vince said the next phase of crypto adoption will depend on large financial institutions, arguing that banks are positioned to connect digital assets with the broader financial system.

“We can act as a very effective bridge between the traditional finance and the digital finance ecosystems,” Vince said during a conversation at the Digital Asset Summit in New York on Tuesday.

His comments come as long-established banks expand their role in digital assets after years of caution. BNY was among the first major custodians to offer digital asset custody, and Vince framed that move as part of a longer pattern of adopting new technologies. “We are a firm that’s grown up with a whole bunch of different…