Stablecoin

Bank

OpenEden

2026

would

<ul class="wp-block-list"><li>BNY completed an after-hours Treasury trade using RLUSD and USDO, proving settlement beyond Fedwire operating hours.</li><li>The bank plans tokenized Treasury pilots by late 2026 and full 24/7 settlement for Treasuries in 2027.</li><li>Ripple and OpenEden participated as BNY expanded blockchain infrastructure for institutional Treasury and stablecoin markets.</li></ul><p>Bank of New York Mellon is <a href="https://www.bloomberg.com/news/articles/2026-07-22/bny-pushes-toward-24-7-treasury-settlement-for-digital-assets?srnd=phx-crypto" rel="noopener noreferrer nofollow">preparing</a> to support round-the-clock settlement for U.S. Treasuries after completing an after-hours transaction tied to stablecoin reserves earlier this year. According to a client letter reported by Bloomberg, the bank plans to test tokenized Treasuries by the end of 2026 and introduce 24/7 settlement for conventional and tokenized Treasuries in 2027. The initiative follows growing demand from digital asset markets that operate continuously.</p><h2 class="wp-block-heading" id="strong-stablecoin-trade-tested-after-fedwire-closed-strong"><strong>Stablecoin Trade Tested After Fedwire Closed</strong></h2><p>According to Bloomberg, the earlier transaction took place after the Federal Reserve's Fedwire Securities Service closed for the day. Ripple participated directly through its RLUSD stablecoin, while Dreyfus represented OpenEden and its USDO stablecoin.</p><p>Tradeweb Markets executed the Treasury transaction. <a href="https://cryptofrontnews.com/morgan-stanley-files-first-spot-bitcoin-etf-under-msbt/" rel="noopener noreferrer nofollow">BNY</a> then settled it using existing cash settlement infrastructure shortly afterward. The securities themselves were not tokenized.&nbsp;</p><p>However, the test showed Treasury transactions supporting stablecoin reserves could continue beyond the normal settlement window. RLUSD and USDO both hold short-term U.S. Treasuries as reserve assets. However, those securities still rely on weekday settlement schedules despite continuous stablecoin trading.</p><h2 class="wp-block-heading" id="strong-bny-maps-out-tokenized-treasury-plans-strong"><strong>BNY Maps Out Tokenized Treasury Plans</strong></h2><p>Following that transaction, BNY outlined its next development stages. According to the client letter, the bank will launch <a href="https://cryptofrontnews.com/dtcc-processes-first-live-trades-with-tokenized-dtc-assets/" rel="noopener noreferrer nofollow">tokenized</a> Treasury products and begin pilot transactions on its private blockchain before the end of 2026.</p><p>Additionally, BNY plans to expand its settlement network later this year. The upgrade aims to support activity across Asian, European, and U.S. trading hours. The bank currently processes approximately $2.5 trillion in daily payments.&nbsp;</p><div id="media_image-7" class="widget widget_media_image cfn-widget cfn-banner cfn-banner-article cfn-banner_728"><a href="https://t.me/EliteFXLabs" rel="noopener noreferrer nofollow"><img width="1280" height="698" src="https://cryptofrontnews.com/wp-content/uploads/2026/04/EliteFXLabsBanner-0.webp" class="image wp-image-44226 attachment-full size-full" alt="EliteFXLabs Banner" style="max-width: 100%; height: auto;"></a></div><p>It also clears an average of about $24.3 trillion every day across its networks. Earlier this year, BNY introduced tokenized deposit balances for institutional clients. Those balances provide an onchain representation of commercial bank money.</p><h2 class="wp-block-heading" id="strong-ripple-and-openeden-take-part-strong"><strong>Ripple And OpenEden Take Part</strong></h2><p>BNY already serves as the primary custodian for <a href="https://cryptofrontnews.com/ripple-rlusd-goes-live-in-japan-through-sbi-platform/" rel="noopener noreferrer nofollow">RLUSD</a> reserves. The bank also provides custody and investment management services for OpenEden's tokenized Treasury fund.</p><p>According to Bloomberg, the growing use of tokenized Treasury products reflects increasing interest in blockchain-based financial infrastructure. Data from rwa.xyz shows tokenized real-world assets have grown to approximately $35 billion since 2025.</p><p>Ripple Senior Vice President Jack McDonald acknowledged the development. He congratulated BNY Global and said RLUSD would support the move toward always-on Treasury markets and institutional digital asset infrastructure.</p><p>The post <a href="https://cryptofrontnews.com/bny-targets-24-7-treasury-settlement-with-blockchain/" rel="noopener noreferrer nofollow">BNY Targets 24/7 Treasury Settlement With Blockchain</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

BNY Targets 24/7 Treasury Settlement With Blockchain

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