2026-01-09 16:28:37

The Bank of New York Mellon officially launched its tokenized deposit service, allowing clients to transfer funds directly via blockchain networks. In simple terms, it maps your deposits at the bank onto the blockchain, generating corresponding tokens—sounds like a novel concept, but the underlying logic is very practical. What can these tokens do? They can serve as collateral for trading, be used for margin operations, and make the entire payment process more efficient. This move signals that traditional financial institutions are seriously embracing blockchain technology, no longer just observing but investing real resources into innovative applications.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

Ser_This_Is_A_Casino

· 7h ago

I support Melon's recent move. Finally, there's a real action with genuine funds, not just armchair strategies.

View OriginalReply0

MevHunter

· 01-10 00:46

Looking at BNY's recent moves, finally a major bank dares to get serious. On-chain deposits, tokenization, using them as collateral... Isn't this just the traditional finance "legitimizing" DeFi? --- It's Mellon Bank again. The pace is getting faster and faster, it feels like traditional finance is being forced to enter the market. --- Honestly, compared to those institutions that only talk about embracing blockchain, BNY's actions are quite interesting, at least they're not just empty promises. --- Wait, can tokenized deposits also be used as collateral? Are they trying to let retail investors access institutional-grade tools? That's something. --- With Mellon Bank entering the scene and other major banks following suit, the signal is very clear... a major upheaval is coming. --- Mapping deposits onto the blockchain may seem simple, but isn't this the last stubbornness of traditional finance? Haha.

View OriginalReply0

GlueGuy

· 01-09 16:56

Melon is really going all out this time, but to be honest, I'm still a bit confused about the collateral part. Does this mean my funds on the chain also need to be protected from liquidation?

View OriginalReply0

MidnightGenesis

· 01-09 16:55

The monitoring shows that Mellon’s logic is interesting... From the code, it’s necessary to guard against the risk exposure on the smart contract side. Unsurprisingly, traditional finance still wants to control the narrative.

View OriginalReply0

WalletManager

· 01-09 16:55

Melon made a good move here; tokenized deposits essentially maximize asset liquidity. However, it's crucial to carefully review the contract audit report and pay close attention to private key management—don't be careless about this part.

View OriginalReply0

AirdropHunterXM

· 01-09 16:54

Melon really has it figured out this time. Deposits are directly on the blockchain, and those traditional financial fortresses that used to be fiercely guarded now have to bow their heads and behave.

View OriginalReply0