The post BNY Mellon Explores Tokenized Deposits and Blockchain Payments appeared first on Coinpedia Fintech News
BNY Mellon is working on launching tokenized deposits that use blockchain technology, aiming to allow clients to make payments more quickly and efficiently. Currently, the bank handles around $2.5 trillion in payments daily and manages assets totaling $55.8 trillion. The new initiative is part of BNY Mellon’s broader plan to modernize its infrastructure, support instant cross-border payments, and improve overall financial transfer methods using digital assets and blockchain technology.