‍BNY Launches Tokenized Deposits to Enhance Institutional Liquidity

BNY, the world's largest custodian bank, has announced the launch of tokenized deposits on a private blockchain. This innovation aims to facilitate "programmable, on-chain cash" for both traditional and digital-native firms, optimizing settlement and liquidity.

The new product functions as digital book entries representing funds, initially for collateral and margin management. This move positions BNY as a competitor to JPMorgan in the tokenization race, leveraging its $57.8 trillion in assets under custody.

https://cryptovka.ru/en/news/7997/bny-launches-tokenized-deposits-to-enhance-institutional-liquidity