The financial giant BNY Mellon, with an asset management scale of $50 trillion, has officially launched a tokenized deposit product. This move marks a further integration of traditional finance with the blockchain ecosystem. Notably, the payment public chain Ripple has become an early partner in this project, indicating an increasing recognition of XRP in practical application scenarios.

The significance of tokenized deposits lies in combining traditional banking products with blockchain technology to improve capital flow efficiency and reduce cross-border payment costs. BNY Mellon's action sends a clear signal: mainstream financial institutions are no longer on the sidelines but are actively participating in Web3 infrastructure development. As more traditional giants enter the tokenization track, the application scenarios for payment assets like XRP are expected to expand further.