The world's largest custodial bank, BNY Mellon, has announced its plans to introduce tokenized deposits specifically designed for institutional investors, marking a significant innovation in the realm of digital finance. This development aims to provide these investors with a secure and efficient way to manage their assets through the use of blockchain technology, potentially enhancing liquidity and simplifying the process of asset transactions. By leveraging their extensive experience in custody services, BNY Mellon is poised to revolutionize how institutional clients interact with their deposits in a rapidly evolving financial landscape.
source: https://www.coindesk.com/business/2026/01/09/world-s-largest-custodial-bank-bny-to-offer-tokenized-deposits-for-institutional-investors