Bank of New York Mellon launches a tokenized deposit service that allows institutional clients to convert cash into digital tokens on a private blockchain, enabling faster, 24/7 payments, collateralization, and margin settlement. This initiative aims to modernize "around-the-clock" market infrastructure, with partners including Ripple, Circle, Securitize, Talos, Paxos, WisdomTree, and Invesco.
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Bank of New York Mellon launches a tokenized deposit service that allows institutional clients to convert cash into digital tokens on a private blockchain, enabling faster, 24/7 payments, collateralization, and margin settlement. This initiative aims to modernize "around-the-clock" market infrastructure, with partners including Ripple, Circle, Securitize, Talos, Paxos, WisdomTree, and Invesco.