RT Cointelegraph (@Cointelegraph)🚨 JUST IN: BlackRock and Brevan Howard tokenized funds have launched on Sei Network via KAIO’s institutional-grade RWA infrastructure. https://t.co/tuIveQrk3f ...

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]

Tokenized Funds Market - BlackRock is the largest issuer of tokenized funds with its ~$21 亿 (billion) BUIDL money market fund [1] - BlackRock's BUIDL fund is approximately $21 亿 (billion) [1] Technology & Partnerships - Securitize powers the tokenization of BlackRock's BUIDL fund [1] - Wormhole provides interoperability for BlackRock's BUIDL fund [1]

Securitize launches offramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds using Ripple's stablecoin https://t.co/kzOn3o4gip ...

🚨 NEW: Ripple stablecoin $RLUSD is now an off-ramp for BlackRock and VanEck tokenized funds via Securitize. https://t.co/iVsRPlpmra ...

Partnerships & Listings - DBS Bank partners with Franklin Templeton and Ripple [1] - Listing Franklin Templeton's U S dollar money market fund token sgBENJI on DBS Digital Exchange [1] - Listing Ripple's U S dollar stablecoin RLUSD on DBS Digital Exchange [1] Services Offered - Providing accredited and institutional investors with trading services [1] - Providing accredited and institutional investors with lending services using tokenized funds and stablecoins [1]

how long until @jpmorgan goes all-in on stablecoins & tokenized funds?https://t.co/9mwkUc8k21 ...

🎥 WATCH: @Chainlink co-founder @SergeyNazarov gives his prediction for the future of crypto:“Our industry is gonna boom through the merging of DeFi and TradFi… we’re gonna be looking at tens of trillions of dollars in market cap. The majority of that will be real-world assets like stablecoins, tokenized funds, equities, and commodities.”Do you agree with his take? 👇 ...

Tokenized Funds Market - Ondo Finance is the second largest issuer of tokenized funds [1] - BlackRock is the largest issuer of tokenized funds [1]

Tokenized Funds Market - BlackRock leads tokenized funds with its $2.4 billion BUIDL fund [1]