BNY launches tokenized deposits amid TradFi rush into blockchain and crypto

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Why This Matters

Bank of New York Mellon (BNY) has launched tokenized deposits for institutional clients, utilizing its in-house permissioned blockchain, marking a move into the blockchain and crypto space by traditional financial institutions.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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

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Original article published by Unknown on January 9, 2026.
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