{"id":19569,"date":"2026-01-09T21:09:54","date_gmt":"2026-01-09T21:09:54","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bny-puts-its-money-where-the-blockchain-is\/"},"modified":"2026-01-09T21:10:07","modified_gmt":"2026-01-09T21:10:07","slug":"bny-puts-its-money-where-the-blockchain-is","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bny-puts-its-money-where-the-blockchain-is\/","title":{"rendered":"BNY puts its money where the blockchain is"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Bank of New York Mellon is giving its deposits a blockchain makeover.<\/p>\n<div id=\"cn-block-summary-block_4c5644213441e8ae59c671f5e59c0bd5\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The new service turns traditional bank deposits into on-chain tokens that represent cash clients already hold at BNY.<\/li>\n<li>In plain English: it\u2019s regular bank money, just dressed for the blockchain age. <\/li>\n<li>The custody giant says the move is part of its push toward 24\/7 operability, a goal increasingly shared by global markets that never really sleep anymore.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-09\/bny-launches-tokenized-deposits-in-digital-assets-expansion?srnd=phx-crypto\" target=\"_blank\" rel=\"nofollow\">Bloomberg<\/a>, the firm is launching a tokenized deposit service that lets big institutional clients move money on digital rails.<\/p>\n<p>Clients and interested parties include heavyweights like Intercontinental Exchange, Citadel Securities, DRW, Ripple\u2019s prime brokerage arm Ripple Prime, asset manager Baillie Gifford, and stablecoin issuer Circle\u2014an eclectic guest list that signals how mainstream blockchain plumbing has become.<\/p>\n<p>Tokenized deposits could also play a key role in the broader push to tokenize securities such as stocks and bonds, acting as the settlement leg that actually makes those trades work in real time. BNY\u2019s chief product and innovation officer, Carolyn Weinberg, said the goal is to bridge trusted banking infrastructure with emerging digital rails\u2014without asking institutions to take a leap of faith.<\/p>\n<p>BNY now joins JPMorgan, which rolled out JPM Coin, and HSBC, which plans to expand its own tokenized deposit offering this year. Coming on the heels of the newly passed Genius Act, the move underscores a simple reality: banks aren\u2019t trying to replace money\u2014they\u2019re just upgrading how it moves.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of New York Mellon is giving its deposits a blockchain makeover. Summary The new service turns traditional bank deposits into on-chain tokens that represent cash clients already hold at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19569"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19569\/revisions"}],"predecessor-version":[{"id":19570,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19569\/revisions\/19570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7332"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}