Crypto News: BNY Mellon Eyes Blockchain Payments Amid $2.5 Trillion Daily Transactions

BNY Mellon explores blockchain payments to modernize $2.5 trillion daily payments, boost efficiency, and strengthen compliance in global finance.

BNY Mellon, a global finance leader, now explores using tokenized deposits. This new technology would allow clients to process payments on a blockchain network. This move is a significant step towards digital asset infrastructure. It features the increasing use of DLT for moving funds between big banks. However, this initiative is targeted to increase payment efficiency to a whole new level.

Global Payments Giant Embraces Digital Infrastructure

In fact, BNY Mellon is the world’s largest custodian bank in terms of assets. It currently handles roughly $2.5 trillion in payments every day. The bank also manages an enormous $55.8 trillion in assets under custody. Thus, it is essential to upgrade these operations, not only for the financial system of the world, but at the same time for the international financial system.

However, the tokenized deposit project is a part of a larger transformation strategy. The bank wants to modernize its legacy infrastructure. This modernization includes real-time and cross-border payments in addition to instant payments. Carl Slabicki, a top executive of BNY, affirmed this drive towards modernization.

Indeed, tokenized deposits are digital counterparts to fiat money. Stablecoins are permissioned network liabilities of the banks. Settlement functionality is guaranteed 24 hours a day and 7 days a week. In the process, it removes the major shortcomings of the present correspondent banking systems.

Related Reading: AlloyX Launches Tokenized Money Market Fund with Standard Chartered on Polygon | Live Bitcoin News

In addition, tokenization combines traditional security with digital speed. Tax-wise, it maintains the transparency of bank deposits. This special hybrid approach provides complete compliance and protection for all clients. The overall objective is the design of a more resilient payment network.

Collaboration Drives New Tokenization Milestones

Specifically, this is not BNY Mellon’s entry into digital assets for the first time. In July 2025, the bank joined with Goldman Sachs Group Inc. They introduced a program for tokenization of shares of Money Market Funds (MMF). This made it possible for investors to trade fund tokens in real-time.

As a result, BNY Mellon broadened its custody role. In August 2025, it became a custodian to OpenEden’s tokenized US Treasury fund. This move further entrenched the bank’s strong presence in tokenized securities. From there, BNY Mellon has joined more than 30 institutions on a SWIFT project. In the project, a shared ledger for payments using blockchain will be created.

Thus, it is clear that the finance industry is highly receptive to the adoption of DLT. Many competitors, such as JPMorgan and HSBC, have announced deposit token pilots as well. This activity, across the board, continues to demonstrate the potential of on-chain cash. Accordingly, the industry sees these digital assets as the future of money transfer.

In addition, experts point out that tokenization cuts important risks in the market. For example, it can allow atomic settlement for securities and cash transactions. This capability negates counterparty and settlement risks that are inherent in systems of the past generation. It does a very good job of preventing the operational failures that can cause losses.

Lastly, the adoption of DLT minimizes the potential for severe financial constraints. Under-controlled and poorly managed systems are always prone to increasing the risk of the company going down. BNY Mellon’s enormous client base is protected by means of compliant real-time settlement. Such positioning establishes a more secure environment within which the global capital can operate.

The post Crypto News: BNY Mellon Eyes Blockchain Payments Amid $2.5 Trillion Daily Transactions appeared first on Live Bitcoin News.