BNY will offer tokenized deposits for institutional investors.

BNY Mellon, as the world's largest custody bank, has launched a new service aimed at institutional investors. This service will include tokenized deposits.

Tokenization means representing assets in a digital format. BNY Mellon aims to provide investors with the opportunity to execute transactions more quickly and securely through this innovative approach. In particular, it seeks to attract more investments in this area with the increasing popularity of cryptocurrencies.

Tokenized deposits have the potential to bridge the traditional financial system and the digital asset world. With this service, BNY Mellon has taken a significant step towards enabling institutional investors to manage their digital assets.

This shift in financial markets could create new opportunities for investors. The growing interest of institutional investors seems likely to also affect market dynamics.