BNY Mellon Explores Tokenized Deposits and Blockchain Payments

Published by

Sohrab Khawas

October 7, 2025

BNY Mellon is working on launching tokenized deposits that use blockchain technology, aiming to allow clients to make payments more quickly and efficiently. Currently, the bank handles around $2.5 trillion in payments daily and manages assets totaling $55.8 trillion. The new initiative is part of BNY Mellon’s broader plan to modernize its infrastructure, support instant cross-border payments, and improve overall financial transfer methods using digital assets and blockchain technology.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news

October 7, 2025

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