Important points
- BNY Mellon is considering tokenized deposits and blockchain payments to advance its digital asset strategy.
- The bank is increasing its involvement in crypto infrastructure, reflecting the broader trend towards blockchain adoption in traditional finance.
BNY Mellon, a leading US custody bank, is considering tokenized deposits and blockchain-based payments as part of its digital asset strategy.
The bank is deepening its involvement in crypto infrastructure by considering tokenized deposits, in line with the broader transition of traditional finance to blockchain technology.
BNY Mellon has partnered with Ripple to provide custody services for the RLUSD stablecoin, facilitating on-chain reserve management.
This movement contributes to the trend of tokenization in finance, with banks using blockchain for secure and regulated transactions within the ecosystem.
