BNY Mellon Launches 24/7 Tokenized Deposit Services on Blockchain
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Service Launch: BNY Mellon has introduced tokenized deposit services on its private blockchain network, enabling institutional clients to transfer funds 24/7, marking a strategic entry into the digital asset sector and enhancing client liquidity.
- Industry Impact: This service aligns with blockchain integrations by JPMorgan and HSBC, promoting speed and efficiency in financial transactions, which could transform institutional finance operations by facilitating faster, programmable fund transfers.
- Positive Market Reaction: Carolyn Weinberg, BNY's Chief Product and Innovation Officer, remarked that this innovation paves the way for “seamless cash movements,” reflecting strong market enthusiasm for blockchain applications in financial services.
- Future Prospects: The Coincu research team projects that BNY Mellon's initiative will encourage broader adoption of tokenized deposits among financial institutions, enhancing liquidity and achieving long-term cost efficiencies, further driving technological integration in financial operations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
