BNY Mellon (BK) explores tokenized deposits - Bloomberg

BNY Mellon (NYSE: BK) explores tokenized deposits - Bloomberg

• The bank is looking at ways to enable clients to make payments using blockchain.
• The project is part of the bank’s broader work to modernize infrastructure which includes scaling real-time, instant and cross-border payments.
• Tokenized deposits could help “banks overcome legacy technology constraints, making it easier to move deposits and payments across their own ecosystems – and eventually, across the broader market as standards mature," the bank's executive said.

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