A New Era for Traditional Banking on Blockchain
BNY Mellon has launched a groundbreaking tokenized deposit service, marking a pivotal shift as legacy finance embraces decentralized infrastructure. This innovation transforms traditional deposits into blockchain-based digital assets, enabling real-time programmability and seamless inter-institutional movement.
Expanding Utility and Operational Efficiency
The solution unlocks 24/7 settlement capabilities, eliminating traditional banking bottlenecks. It supports instant fund transfers, collateral posting, and margin financing, while integrating with modern fintech stacks for automated clearing and smart contract execution.
- Accelerates cross-border and institutional settlements
- Enables programmable money for DeFi and private markets
- Improves liquidity deployment and risk management
Leading players such as Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle are already part of the network, signaling strong industry validation and momentum toward next-generation financial rails.