Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

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
00

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