BNY Mellon News

The service is available for institutional clients through an in-house permissioned blockchain, BNY said on Friday.

Built to align with the GENIUS Act, the new fund provides a regulated vehicle for holding stablecoin reserves in cash and US Treasurys.

BNY Mellon is exploring tokenized deposits to move part of its $2.5 trillion daily payment flow onto blockchain rails and modernize cross-border settlements.

BNY will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance.

Goldman Sachs and BNY will allow institutions to access tokenized money market funds with 24/7 settlement and blockchain-based ownership tracking.

Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds.

Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.

Despite most of the crypto market being down 60% from all-time highs, BNY Mellon head of digital assets Michael Demissie says the digital asset industry isn’t going anywhere.

Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

BNY Mellon CEO Robin Vince pointed to a survey earlier this year that found 91% of institutional asset managers were interested in investing in tokenized assets.

Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.

The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets.

PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others.