BNY Mellon Launches Tokenized Deposit Service on Blockchain, Enhancing Payment Efficiency
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Service Innovation: BNY Mellon has launched a tokenized deposit service on its Digital Assets platform, leveraging blockchain technology to accelerate payment processes, significantly enhancing speed and efficiency in institutional financial transactions and solidifying its leadership in digital finance transformation.
- Industry Collaboration: Notable participants in this service include Intercontinental Exchange and Citadel Securities, indicating BNY Mellon's collaboration with major industry players to achieve greater settlement efficiency and liquidity through tokenized deposits.
- 24/7 Operations: The new service supports around-the-clock operations, improving payment speeds to meet the demands for faster trade settlements, thereby helping major financial institutions maintain competitiveness in a rapidly evolving market environment.
- Market Trend: The launch of tokenized deposits reflects a global banking shift towards digital assets, with BNY Mellon committed to innovating and defining how cash moves across the modern financial system, enhancing capital efficiency and liquidity management.
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.
