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BNY Mellon Explores Tokenized Deposits and Blockchain Payments
BNY Mellon Explores Tokenized Deposits and Blockchain Payments
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BTCCSquare news:
BNY Mellon, a financial powerhouse handling $2.5 trillion in daily payments and $55.8 trillion in assets, is venturing into blockchain-based tokenized deposits. The initiative aims to streamline cross-border transactions and modernize legacy infrastructure through digital asset integration.
The MOVE signals growing institutional confidence in distributed ledger technology. By tokenizing deposits, BNY Mellon could unlock near-instant settlement times while maintaining regulatory compliance—a strategic play in the race for next-generation financial infrastructure.
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