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BTCC / BTCC Square / Global Cryptocurrency /
BNY Mellon Launches Tokenized Deposit Pilot in Institutional Push for Blockchain-Based Cash

BNY Mellon Launches Tokenized Deposit Pilot in Institutional Push for Blockchain-Based Cash

Author:
Global Cryptocurrency
Published:
2026-01-09 20:27:02
4
3
BTCCSquare news:

BNY Mellon has entered the race for blockchain-based cash solutions with a new tokenized deposit service, allowing institutional clients to transfer funds using distributed ledger technology. The MOVE signals accelerating adoption of tokenization by traditional finance giants.

The bank's digital asset platform now mirrors client deposit balances on-chain while maintaining regulatory compliance through integration with legacy systems. Private blockchain infrastructure enables 24/7 settlement and programmable transactions for collateral management—addressing key pain points in traditional finance workflows.

This initial phase focuses on margin-related use cases, positioning BNY alongside competitors like JPMorgan in the emerging institutional digital asset space. The bank emphasizes its permissioned network maintains existing risk controls while unlocking new efficiency gains.

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