BTCC
/
BTCC Square
/
Global Cryptocurrency
/
BNY Mellon Explores Tokenized Deposits as Wall Street Warms to Blockchain
BNY Mellon Explores Tokenized Deposits as Wall Street Warms to Blockchain
15
2
BTCCSquare news:
BNY Mellon, the $55.8 trillion asset custodian, is testing blockchain-based tokenized deposits—a move signaling deepening institutional crypto engagement. The proposed system would represent traditional bank balances as on-chain digital tokens while maintaining fiat accounting controls.
Wall Street's accelerating blockchain adoption reflects a strategic pivot. BNY Mellon processes $2.5 trillion daily payments, making its foray particularly consequential for crypto infrastructure development.
Tokenization emerges as the dominant institutional entry vector. This development follows broader industry trends of traditional finance bridging digital and legacy systems through programmable assets.
By:
