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BNY Mellon stories

Jul 29, 2026

BNY Mellon launches blockchain system for $8.6 trillion fund business

Bank of New York Mellon is launching a blockchain-based version of its transfer agency business, which services approximately $8.6 trillion in assets under management.

Jul 29, 2026·1 source
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Top claims

  • ▪BNY Mellon expects its traditional transfer agency system to coexist with the new blockchain platform for years.
  • ▪BNY Mellon has over $59 trillion in total assets under custody and administration.
  • ▪BlackRock and Dreyfus are expected to use the new system for other planned tokenized funds.

Topics

Institutional crypto adoptionBlockchain technologyTokenization

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