Core Insights - Bank of New York Mellon Corp. is testing tokenized deposits to modernize its payments infrastructure and expand blockchain use in global finance [1] - The initiative aims to facilitate blockchain-based payments using tokenized versions of traditional deposits [1][3] Group 1: Project Overview - The project supports real-time, instant, and cross-border transactions across BNY Mellon's global network [2] - BNY Mellon's treasury services division processes approximately $2.5 trillion in payments daily [3] Group 2: Technology and Benefits - Tokenized deposits serve as digital representations of cash held at commercial banks, enabling instant transfers and real-time transaction settlements [4] - This technology is expected to make payments cheaper, faster, and available 24/7 [4] Group 3: Industry Context - BNY Mellon's move aligns with growing blockchain adoption among major financial institutions, with JPMorgan and HSBC also launching similar initiatives [5] - Several European banks are exploring fiat-linked stablecoins, indicating a trend towards modernizing the global payments ecosystem [6] Group 4: Regulatory Environment - The acceleration of blockchain adoption in traditional finance is influenced by emerging regulatory clarity in the U.S. and Europe [7]

Core Insights - Bank of New York Mellon (BNY) is exploring tokenized deposits to facilitate client payments using blockchain technology [1][2] - The bank is modernizing its infrastructure, particularly its treasury services, which processes $2.5 trillion in payments daily [2] - Tokenized deposits are seen as a solution to overcome legacy technology constraints, enhancing the movement of deposits and payments within banking ecosystems [3] Group 1: BNY's Initiatives - BNY launched a tokenization project in collaboration with Goldman Sachs to utilize blockchain for tracking ownership of money market funds [3] - The project aims to improve the utility and transferability of existing money market fund shares [4] Group 2: Industry Developments - JPMorgan Chase announced plans to launch a "deposit token" for institutional clients, representing commercial bank money [5] - HSBC expanded its tokenized deposit service to include cross-border transactions, successfully conducting its first U.S. dollar transactions between Hong Kong and Singapore [6]

Core Viewpoint - The global head of investments and wealth at Bank of New York Mellon Corp advocates for a 50/30/20 asset allocation model, suggesting a shift from the traditional 60/40 model due to the increasing complexity of markets [1][3]. Group 1: Portfolio Allocation - Jose Minaya recommends a portfolio split of 50% equities, 30% bonds, and 20% alternative investments, such as hedge funds, real estate, and commodities [1][3]. - The traditional allocation of 60% stocks and 40% bonds is becoming less suitable as markets evolve [1][3]. Group 2: Role of AI in Investing - Minaya emphasizes that the future winners in investing will be diversified businesses that can leverage AI alongside their wealth management services [2]. - AI is seen as a tool to enhance portfolio management, capable of processing and assimilating vast amounts of information [2][3]. - The Bank of New York Mellon has already implemented AI agents to assist in investment strategies [2].

Real-World Assets RWA Tokenization Tokenized Real Estate, binance research. Photo by BeInCrypto BNY Mellon confirmed it is exploring tokenized deposits to let clients move money on blockchain rails. The initiative is part of its plan to modernize a $2.5 trillion-a-day payments network. The pilot aims to show how regulated deposits can settle in seconds instead of days, without leaving the banking system’s protection. BNY Explores Tokenized Deposits Amid Evolving Policy Frameworks Earlier this year, the ...

Core Insights - Bank of New York Mellon (BK) is testing tokenized deposits to modernize its global payment infrastructure and adapt to the shift towards blockchain-based finance [1][2] - The initiative aims to enable clients to make payments using tokenized deposits, facilitating near-instant settlement and potentially lowering transaction costs [2][3] - BNY Mellon currently processes approximately $2.5 trillion in payments daily [3] Company Developments - Carl Slabicki from BNY Mellon stated that the new technology could help banks overcome legacy constraints, allowing for faster money movement within networks and across the financial system [4] - BNY Mellon is part of a trend among major banks exploring tokenized funds, with JPMorgan and other European banks also engaging in similar initiatives [4] - Over the summer, BNY Mellon collaborated with Goldman Sachs to launch tokenized money market funds for clients [5] - CEO Robin Vince has indicated that BNY Mellon will not pursue crypto deposits as aggressively as some competitors [5]

🚨 BIG: $55.8T BNY Mellon is exploring tokenized deposits and blockchain-based payments, per Bloomberg. https://t.co/9yjHvIQCn1 ...

BREAKING: 🇺🇸 THE WORLD’S LARGEST CUSTODIAN BANK, BNY MELLON, IS EXPLORING TOKENIZED DEPOSITS AND BLOCKCHAIN-BASED PAYMENTS.BULLISH 🚀 ...

🚨JUST IN: BNY MELLON, THE WORLD’S LARGEST CUSTODIAN BANK, IS EXPLORING TOKENIZED DEPOSITS AND BLOCKCHAIN-BASED PAYMENTS ~ WATCHERGURU ...

Industry Trend - The world's largest custodian bank, BNY Mellon, is exploring tokenized deposits and blockchain payments [1]

Bank of New York Mellon Corp. is exploring tokenized deposits to enable clients to make payments using blockchain, as major banks across the world step up use of the technology underpinning digital assets to transfer funds https://t.co/VTk1pDlsP3 ...