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New York Mellon Bank has announced that it is becoming an early adopter of the lending platform EquiLend 1Source and is receiving a minority equity stake in EquiLend.

8 hours ago

March 16th. As per Ledger Insights, BNY (Bank of New York Mellon) declared that it will serve as an early adopter of the lending platform EquiLend 1Source, signifying its increased investment in the securities lending domain. Furthermore, BNY will also acquire a minority ownership stake in EquiLend. It is reported that EquiLend's 1Source platform employs Distributed Ledger Technology (DLT) and aims to boost the transparency and efficiency of securities lending. The platform's launch is anticipated to revolutionize the traditional securities lending operation by offering users more efficient trading and management tools.
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