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New York Mellon Bank Launches Tokenized Deposit Service, Allowing Users to Transfer Funds via Blockchain Channel

2026.01.10 09:05:45

BNY Mellon has launched a tokenized deposit service allowing customers to transfer funds via blockchain, Bloomberg reported on January 10. The move makes the bank another major global player deepening its footprint in digital assets. In a Friday announcement, the bank said the digital cash is an on-chain representation of customer account deposits held at BNY Mellon. The service supports use cases including collateral and margin trading, enables faster payments, and the bank is committed to 24/7 operations.
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