{"id":92994,"date":"2026-01-10T14:05:36","date_gmt":"2026-01-10T11:05:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92994"},"modified":"2026-01-10T14:10:10","modified_gmt":"2026-01-10T11:10:10","slug":"bny-mellon-introduces-tokenized-deposit-services","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bny-mellon-introduces-tokenized-deposit-services\/","title":{"rendered":"BNY Mellon Introduces Tokenized Deposit Services"},"content":{"rendered":"<p>Bank of New York Mellon (BNY), the world&#8217;s largest custodian bank, has launched services for <a href=\"https:\/\/forklog.com\/en\/news\/what-are-tokenised-assets\">tokenized<\/a> deposits aimed at institutional clients, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-09\/bny-launches-tokenized-deposits-in-digital-assets-expansion\">Bloomberg<\/a>.<\/p>\n<p>The service creates a digital representation of assets held at the institution on the blockchain. This enables the use of funds as collateral in secured and margin transactions. <\/p>\n<p>The solution also allows the bank to expedite payments and operate them on a 24\/7 basis, bypassing the limitations of traditional fiat channels.<\/p>\n<p>Among the first clients of BNY&#8217;s tokenized deposit service are Intercontinental Exchange, Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle Internet Group.<\/p>\n<p>The launch of the service follows several months after reports of the bank&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-introduces-jpm-coin-on-base-blockchain\">experiments with deposit tokens<\/a>. <\/p>\n<p>Experts largely attribute the interest of U.S. financial institutions in the technology to the <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-enacts-stablecoin-legislation\">adoption<\/a> of the GENIUS Act, which sets rules for <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> and represents the first significant regulatory framework for the crypto industry in the country. Unlike fiat-pegged stablecoins, tokenized deposits are created within the existing banking system and can yield interest.<\/p>\n<p>According to a forecast by Standard Chartered, by 2028, the capitalization of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">tokenized real-world assets<\/a>, excluding stablecoins, <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-projects-rwa-market-capitalization-to-reach-2-trillion-by-2028\">will grow to $2 trillion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of New York Mellon (BNY), the world&#8217;s largest custodian bank, has launched services for tokenized deposits aimed at institutional clients, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":92995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BNY Mellon launches tokenized deposit services for institutional clients.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1229,1682],"class_list":["post-92994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-banks-and-fintech","tag-bny-mellon"],"aioseo_notices":[],"amp_enabled":true,"views":"281","promo_type":"1","layout_type":"1","short_excerpt":"BNY Mellon launches tokenized deposit services for institutional clients.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92994"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92994\/revisions"}],"predecessor-version":[{"id":92996,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92994\/revisions\/92996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92995"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}