{"id":51503,"date":"2025-10-07T12:46:47","date_gmt":"2025-10-07T12:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51503"},"modified":"2025-10-07T12:46:47","modified_gmt":"2025-10-07T12:46:47","slug":"bny-mellon-trials-blockchain-deposits-to-overhaul-2-5t-payments-processing","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51503","title":{"rendered":"BNY Mellon Trials Blockchain Deposits to Overhaul $2.5T Payments Processing"},"content":{"rendered":"
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Bank of New York Mellon (BK), the world\u2019s largest custodial bank with $55.8 trillion<\/a> in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance.<\/p>\n

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The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports<\/a>.<\/p>\n

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These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentially reducing transaction costs.BNY currently handles about $2.5 trillion in payments each day.<\/p>\n

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BNY’s Carl Slabicki told Bloomberg the technology could help banks \u201covercome legacy constraints,\u201d allowing them to move money faster within their own networks and eventually across the wider financial system.<\/p>\n

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BNY Mellon joins a growing list of major banks experimenting with tokenized funds. JPMorgan began trialing its JPMD token in June on Coinbase\u2019s Base blockchain<\/a>, while Europe, nine banks are building MiCA-compliant euro stablecoin.<\/a><\/p>\n

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Over the summer, BNY Mellon and Goldman Sachs teamed up to roll out tokenized money market funds for clients<\/a>. The financial instituion\u2019s CEO, Robin Vince, has in the past said the bank wouldn\u2019t be as aggressive<\/a> as other lenders in trying to gain crypto deposits.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bank of New York Mellon (BK), the world\u2019s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance. The effort, still in the exploratory phase, aims to let clients make payments using […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51503","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51503"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51503\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}