Bank of New York Mellon (BNY Mellon), the world’s largest custodial bank, is testing tokenized deposits to modernize its global payment infrastructure. The $55.8 trillion custodial bank seeks to keep ...

BNY Mellon explores blockchain payments to modernize $2.5 trillion daily payments, boost efficiency, and strengthen compliance in global finance.

The effort aims to enable near-instant settlement and potentially reduce transaction costs, with tokenized deposits moving over a blockchain.

BNY Mellon is exploring the launch of tokenized deposits to allow its clients to make complete payments through blockchain technology.

In February 2021, BNY Mellon set up a new Digital Assets unit to offer digital assets and cryptocurrencies. BNY Mellon became the country’s first multi-asset custody platform to service traditional ...

NEW YORK, April 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a leading professional services company, to modernize ...