Key Takeaways
- BNY Mellon is exploring tokenized deposits and blockchain payments to advance its digital asset strategy.
- The bank is increasing its involvement in crypto infrastructure, reflecting a wider trend in traditional finance toward blockchain adoption.
BNY Mellon, a major US custodian bank, is exploring tokenized deposits and blockchain-based payments as part of its digital asset strategy.
The bank is deepening its involvement in crypto infrastructure by considering tokenized deposits, aligning with broader traditional finance shifts toward blockchain technology.
BNY Mellon has partnered with Ripple to provide custody services for the RLUSD stablecoin, facilitating on-chain reserve management.
The move contributes to the tokenization trend in finance, where banks are using blockchain for secure, regulated transactions within their ecosystems.
Source: https://cryptobriefing.com/bny-mellon-tokenized-deposits-blockchain/
