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BNY Explores Tokenized Deposits as Blockchain Payments Catch On

Bloomberg•Tuesday, October 7, 2025 at 11:22:10 AM
PositiveFinancial Markets
BNY Explores Tokenized Deposits as Blockchain Payments Catch On
Bank of New York Mellon Corp. is taking a significant step by exploring tokenized deposits, which will allow clients to make payments using blockchain technology. This move comes as major banks globally are increasingly adopting blockchain to enhance their payment systems. The shift towards tokenized deposits not only reflects the growing acceptance of digital assets but also positions BNY Mellon as a forward-thinking leader in the financial sector, potentially improving transaction efficiency and security for its clients.
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