BNY Mellon is launching a tokenised deposit service for institutional clients, Cointelegraph reported on Thursday.
The service will operate on BNY's own permissioned blockchain network. BNY plans to provide additional features in the future to support collateral and margin requirements.
Cointelegraph said BNY's move is part of a broader push by traditional financial institutions to adopt blockchain technology and improve existing financial infrastructure.
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint statement in September 2025 proposing a shift to 24-hour capital markets. The agencies stressed that extending trading hours would make U.S. markets better aligned with the realities of a global, 24-hour economy.
Chi-gyu Hwang
delight@d-today.co.kr