The Bank of New York Mellon Corporation (NYSE:BK) is included among the 12 Must-Buy Dividend Stocks to Invest in. BNY Mellon’s (BK) Push into Digital Assets Strengthens its Case as a Must-Buy Dividend Stock The Bank of New York Mellon Corporation (NYSE:BK), one of the world’s largest custodians wi‍th $55.8 trillion in assets under custody or administration, h⁠as bee⁠n investin⁠g in digital‍ assets and blockchain techn⁠ology⁠ for several years. In July, it announced a collab⁠oration w‌ith‌ Goldman Sachs t ...

On Oct. 16, Ripple announced the acquisition of GTreasury, a 40-year-old global leader in corporate treasury management. According to Ripple, the deal will unlock idle corporate capital, enable real-time cross-border payments, and prepare Fortune 500 firms to manage stablecoins, tokenized deposits, and other digital assets at scale. The partnership also provides access to the global repo market through prime broker Hidden Road. “For too long, money has been stuck in slow, outdated payment systems and infr ...

The Bank of England's crypto approach is pursuing tokenisation as a frontrunner over stablecoins | Source: Pexels Key Takeaways The Bank of England is making tokenized bank deposits, not stablecoins, the centerpiece of its digital finance strategy. Governor Andrew Bailey has softened his stance on stablecoins while maintaining that tokenization is the more valuable innovation. Top U.K. banks including HSBC, NatWest, Lloyds, and Barclays are piloting tokenized deposits for digital payments and mortgag ...

Key Takeaways BNY Mellon is piloting tokenized deposits to upgrade its payment network using blockchain technology.The initiative aims to enable real-time, global payments and reduce reliance on legacy systems.The move follows BK's broader blockchain collaborations with Goldman Sachs and SWIFT.The Bank of New York Mellon Corp. (BK) is exploring tokenized deposits to accelerate its efforts to modernize its payment network and expand the use of blockchain in global finance. This was reported by a Cryptonews a ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Reuters reported in September that U.K. banks are pressing on with tokenized deposits in 2026 despite the Bank of England Governor Andrew Bailey issuing a warning on stablecoins. It's another reminder of how quickly innovations in decentralized finance are starting to make their way into the traditional landscape. That's great news for stablecoins, as they are a type of tokenized asset. However, U.K. banks ...

According to Bloomberg, BNY Mellon is exploring the launch of tokenized deposits to enable clients to make payments via blockchain. BNY currently processes about $2.5 trillion in payments per day and oversees $55.8 trillion in assets under custody.https://t.co/TzrbKiADuE ...