The post BNY Mellon Pilots Tokenized Deposits and Blockchain Payments appeared on BitcoinEthereumNews.com. Key Points: BNY Mellon pilots tokenized deposits for faster internal settlements. The initiative targets transaction cost reduction with private blockchain technology. Institutional blockchain adoption grows with minimal public crypto involvement. BNY Mellon, the world’s largest custody bank, is piloting tokenized deposits and blockchain payments to modernize financial transactions, according to Bloomberg’s report on October 7, 2025. This initiative aims to enhance settlement speed and reduce costs, potentially influencing institutional adoption of blockchain technology in banking. BNY Mellon Pilots Tokenized Deposits and Blockchain Payments BNY Mellon is actively exploring the use of tokenized deposits and blockchain payments. As part of a controlled pilot, this initiative is being trialed within the bank’s existing framework. This experimental phase is limited to select internal operations, with an overarching goal of enhancing settlement speeds. With the primary goal of reducing transaction costs, the bank is leveraging private blockchain technology to facilitate faster internal payments. This move aims to overcome traditional banking constraints, implementing technology similar to industry leaders like JPMorgan. Participation is currently limited, focusing on institutional clients rather than public or retail use. Market reactions remain muted as this pilot does not directly involve public cryptocurrencies such as Bitcoin or Ethereum. The bank’s operations are mainly under the purview of internal corporate usage. Observers within the institutional finance sector view this as a strategic advancement, yet major industry figures and regulatory bodies have not provided public comments on this development. Institutional Adoption of Blockchain Surges Amid Minimal Public Involvement Did you know? The adoption of private blockchain solutions like BNY Mellon’s highlights a growing institutional interest in enhancing transactional efficiencies. Ethereum (ETH), noted for its robust network, saw its price drop by 4.50% over the past 24 hours, as reported by CoinMarketCap. Ethereum traded at $4,495.57 with a market cap of $542.63 billion, maintaining… The post BNY Mellon Pilots Tokenized Deposits and Blockchain Payments appeared on BitcoinEthereumNews.com. Key Points: BNY Mellon pilots tokenized deposits for faster internal settlements. The initiative targets transaction cost reduction with private blockchain technology. Institutional blockchain adoption grows with minimal public crypto involvement. BNY Mellon, the world’s largest custody bank, is piloting tokenized deposits and blockchain payments to modernize financial transactions, according to Bloomberg’s report on October 7, 2025. This initiative aims to enhance settlement speed and reduce costs, potentially influencing institutional adoption of blockchain technology in banking. BNY Mellon Pilots Tokenized Deposits and Blockchain Payments BNY Mellon is actively exploring the use of tokenized deposits and blockchain payments. As part of a controlled pilot, this initiative is being trialed within the bank’s existing framework. This experimental phase is limited to select internal operations, with an overarching goal of enhancing settlement speeds. With the primary goal of reducing transaction costs, the bank is leveraging private blockchain technology to facilitate faster internal payments. This move aims to overcome traditional banking constraints, implementing technology similar to industry leaders like JPMorgan. Participation is currently limited, focusing on institutional clients rather than public or retail use. Market reactions remain muted as this pilot does not directly involve public cryptocurrencies such as Bitcoin or Ethereum. The bank’s operations are mainly under the purview of internal corporate usage. Observers within the institutional finance sector view this as a strategic advancement, yet major industry figures and regulatory bodies have not provided public comments on this development. Institutional Adoption of Blockchain Surges Amid Minimal Public Involvement Did you know? The adoption of private blockchain solutions like BNY Mellon’s highlights a growing institutional interest in enhancing transactional efficiencies. Ethereum (ETH), noted for its robust network, saw its price drop by 4.50% over the past 24 hours, as reported by CoinMarketCap. Ethereum traded at $4,495.57 with a market cap of $542.63 billion, maintaining…