AWS Amazon Web Services XRP Ledger. Photo by BeInCrypto The Bank of New York (BNY) Mellon has launched a tokenized deposit service that allows institutional clients to convert cash into digital tokens. The initiative brings major crypto players, including Ripple and Circle, onto a private blockchain designed to speed up cash transfers. BNY Targets 'Always-On' Markets With New Digital Deposit Offering The new offering allows the bank’s institutional clients to convert traditional cash deposits into digi ...

Ant International, HSBC and Swift say they have tested a new cross-border payment solution.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The initiative involved the cross-border transfer of tokenized deposits usi ...