Major U.S. Bank BNY Enters On-chain Cash Race With Tokenized Deposit Pilot
The Bank of New York MellonThe Bank of New York Mellon(US:BK) Yahoo Finance·2026-01-09 20:03

BNY has rolled out a tokenized deposit service that allows clients to move funds using blockchain infrastructure, marking another step by a major global bank into digital assets. Key Takeaways: BNY launched tokenized deposits to allow on-chain transfers while keeping funds within the regulated banking system. The service supports faster, 24/7 settlement and programmable transactions for collateral and margin use cases. The move reflects growing institutional adoption of tokenization by major global b ...