The Bank of England shapes U.K. policy on stablecoins, CBDCs, and tokenized deposits. | Credit: Joaquin Carfagna / pexels. Key Takeaways The Bank of England is involved in ongoing debates over the future of digital money. Central bank policy shapes the U.K.’s approach to stablecoins, CBDCs, and tokenized deposits. Efforts to mitigate stablecoin risks include a proposed cap on holdings. Like many of its peers around the world, the Bank of England (BoE) is navigating a complex and at times polarizin ...

Bank of New York Mellon Corp., the world’s largest custodian bank with $55.8 trillion in assets under custody and administration, is testing tokenized deposits as part of its plan to modernize its payments infrastructure and expand the use of blockchain in global finance, according to a Bloomberg report. The initiative, led by Carl Slabicki, executive platform owner for Treasury Services at BNY Mellon, seeks to allow clients to make blockchain-based payments using tokenized versions of traditional deposit ...

Bank of New York Mellon is reportedly exploring tokenized deposits as a way to enable its clients to make payments using blockchain.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 bank is considering this techn ...

Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance. The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports. These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentiall ...