BNY Mellon Launches Blockchain Transfer Agency for $8.6 Trillion Fund Market
BNY Mellon has launched a blockchain-based transfer agency to enhance its $8.6 trillion fund business, aiming to streamline operations and improve transparency. This initiative marks a significant step in integrating blockchain technology into traditional finance, targeting the digital asset infrastructure and creating a digital ownership record for tokenized funds.
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BNY Launches Onchain Transfer Agency for Its $8.6 Trillion Fund Business
BNY Mellon is launching a digital transfer agency that will record fund transactions and investor ownership onchain. Baillie Gifford, Blackrock and BNY’s Dreyfus unit are expected to be among its first users. Baillie Gifford to Use BNY Platform for UK’s First Native Regulated Tokenized Fund BNY (Bank of New York) Mellon is putting one of […]
BNY to bring transfer agency records onchain in blockchain push
BNY is launching a blockchain-based transfer agency platform as the bank expands its digital asset infrastructure and moves core financial records onchain.
BNY targets $8.6 trillion transfer agency market on blockchain rails
The world’s largest custodian will keep its existing system while adding a digital ownership record for tokenized funds.