BNY Debuts Tokenized Deposits for Institutions and 'Digital Natives'
BNY Mellon has launched tokenized deposits aimed at institutional clients and "digital natives," allowing for seamless integration of traditional banking with digital assets. The new offering enables clients to hold deposits in a digital format, enhancing liquidity and efficiency in transactions. This move positions BNY Mellon as a pioneer in the evolving landscape of digital finance, catering to the growing demand for blockchain-based solutions. The initiative reflects the bank's commitment to innovation and adapting to the needs of a tech-savvy clientele.
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