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<div class="key-points-section">
 <b>Key Points:</b>
 <ul>
  <li>BNY Mellon launches tokenized deposit services on blockchain.</li>
  <li>Service operates 24/7, enhancing speed in financial transactions.</li>
  <li>Institutional participants include ICE, Citadel Securities, and Circle.</li>
 </ul>
</div>
<p>Bank of New York Mellon (BNY) has initiated a tokenized deposit service using blockchain technology, targeting institutional clients globally, marking its entry into the digital asset sector.</p>
<p>This innovation positions BNY alongside JPMorgan and HSBC in blockchain integration, promoting 24/7 transactions and potentially transforming institutional finance with faster, programmable fund transfers.</p>
<h2 id="tokenized-deposit-services-overview">Tokenized Deposit Services Overview</h2>
<p>BNY Mellon has rolled out tokenized deposit services on its private blockchain network, permitting participants to execute fund transfers round-the-clock. This advancement underscores the firm's commitment to expanding its digital asset capabilities and aligns with global trends emphasizing blockchain utilization in financial operations.</p>
<p>BNY Mellon, a major custodian bank, has initiated a <a href="https://www.bny.com/corporate/global/en/about-us/newsroom/company-news/bny-extends-digital-cash-capabilities-for-institutional-clients.html" rel="noopener noreferrer nofollow">tokenized deposit service</a> that allows its clients to transfer funds through a blockchain network. The tokenized deposit mirrors deposits held by clients in their accounts, permitting usage as collateral and in margin trading. This service operates 24/7, promising accelerated payment processing.</p>
<p>Industry reactions highlight significant enthusiasm. <strong>Carolyn Weinberg</strong>, Chief Product and Innovation Officer at BNY, remarked on the innovation as paving "the way for seamless cash movements." <a href="https://www.bny.com/corporate/global/en/about-us/newsroom/company-news/bny-extends-digital-cash-capabilities-for-institutional-clients.html" rel="noopener noreferrer nofollow">“As institutional markets move toward always on operating models, BNY is committed to innovating and helping define how cash moves across the modern financial system. Tokenized deposits provide us with the opportunity to extend our trusted bank deposits onto digital rails — enabling clients to operate with greater speed across collateral, margin, and payments, within a framework built for scale, resilience, and regulatory alignment.”</a> Steve Kurz of Galaxy acknowledged it as a pragmatic step towards operational efficiency in banking.</p>
<h2 id="market-impact-and-future-prospects">Market Impact and Future Prospects</h2>
<p style="background-color: #222222; color: #ffffff; padding: 10px; border-radius: 5px;"><strong>Did you know?</strong> BNY Mellon is the third major bank engaging in blockchain-based services for digital assets, following the footsteps of JPMorgan and HSBC, indicating a growing trend among financial institutions towards blockchain integration.</p>
<p>According to CoinMarketCap, <strong><a href="https://coincu.com/xrp/ripple-secures-approval-to-expand/" rel="noopener noreferrer nofollow">XRP</a></strong> is trading at $2.09, with a circulating supply of 60,699,967,552. The market cap is at $126.82 billion, reflecting a dominance of 4.10%. Recent movements show a 0.28% decrease in 24-hour pricing, while its 30-day change stands at 2.65%.</p>
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 <a href="https://coincu.com/wp-content/uploads/2026/01/XRP-daily-chart-on-0741-UTC-on-January-11-2026file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2026/01/XRP-daily-chart-on-0741-UTC-on-January-11-2026file.jpeg" alt="xrp-daily-chart-148"> </a>
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  XRP(XRP), daily chart, screenshot on CoinMarketCap at 07:41 UTC on January 11, 2026. <em>Source: <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer">CoinMarketCap</a></em>
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<p>The Coincu research team projects BNY Mellon's move to encourage wider adoption of tokenized deposits across financial institutions, enhancing liquidity and offering robust <strong><a href="https://coincu.com/blockchain/hsbc-tokenized-deposits-blockchain/" rel="noopener noreferrer nofollow">technological integration</a></strong>. This progression may result in <em>long-term cost efficiencies</em> in broader financial operations.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/uncategorized/bny-mellon-tokenized-deposits-launch-2/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

BNY Mellon Launches Tokenized Deposits on Blockchain Platform

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