BNY Mellon Advances Blockchain Integration for $2.5T Payment System
BNY Mellon is actively exploring the use of tokenized deposits and blockchain technology to modernize its $2.5 trillion daily payment network. This initiative aims to improve transaction efficiency, enhance security, and facilitate near-instant settlements, marking a significant step towards integrating traditional finance with digital assets. The move reflects a broader trend among financial institutions embracing blockchain innovation.
BNY Mellon Advances Blockchain Integration for $2.5T Payment System
BNY Mellon is actively exploring the use of tokenized deposits and blockchain technology to modernize its $2.5 trillion daily payment network. This initiative aims to improve transaction efficiency, enhance security, and facilitate near-instant settlements, marking a significant step towards integrating traditional finance with digital assets. The move reflects a broader trend among financial institutions embracing blockchain innovation.
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