bny

According to CoinDesk, informed sources revealed that the custody bank giant BNY is in talks with Payward, the parent company of the cryptocurrency exchange Kraken, for a broad collaboration covering digital assets and financial market infrastructure. The potential agreement may involve areas such as crypto products, custody, wealth management, trading, payments, and infrastructure, with related services provided through Payward Services, which targets banks, exchanges, and asset management institutions.One source indicated that part of the proposed collaboration may be similar to the infrastructure component of the recent agreement Payward reached with Nasdaq. Negotiations are still ongoing, and there is no guarantee that an agreement will be reached; both Payward and BNY declined to comment. BNY, formerly known as Bank of New York Mellon, provides custody, asset services, clearing, and wealth management services to institutional clients and has been developing tokenized deposits to support near real-time on-chain settlements among institutional market participants.Reaching an agreement with BNY would further promote Payward's efforts to connect digital asset businesses with traditional financial institutions. Last month, Nasdaq Ventures agreed to invest $100 million in Payward at a valuation of $21 billion, expanding the collaboration between the two parties in tokenized stocks. Under the agreement, both parties will continue to develop the operational and commercial infrastructure for Nasdaq stock tokens, and Payward will also adopt Nasdaq's market surveillance technology in its cryptocurrency, stock, tokenized stock, futures, and options trading venues, with both parties expecting to launch Nasdaq stock tokens in the second quarter of 2027.

According to CoinDesk, financial services company BNY announced on Tuesday that it plans to add staking services to its digital asset custody platform in collaboration with digital asset company Galaxy.This service will allow institutional clients to earn staking rewards without moving their assets out of the BNY custody system. BNY's move is the latest action to expand blockchain services for institutional investors.

According to CoinDesk, Bank of New York Mellon is migrating its core transfer agency records to the blockchain to create a single on-chain ownership ledger and reduce reliance on intermediaries.Initially, this initiative will support clients such as Baillie Gifford, BlackRock, and Dreyfus under BNY, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other large banks are building blockchain-based infrastructure and a tokenized deposit network.The bank expects that traditional systems will continue to coexist in the coming years amid ongoing cybersecurity and smart contract risks.

The European Securities and Markets Authority (ESMA) updated the temporary MiCA registration list on Friday, adding 15 licensed Crypto Asset Service Providers (CASP), bringing the total to 309. The newly added institutions include BNY SA/NV, the Belgian subsidiary of the American banking giant BNY Mellon.The new list includes 4 banking institutions, of which 3 are from Germany, along with digital asset platforms such as BitPay, Coinify, and Bleap. Germany and Denmark each added 3 CASPs, Bulgaria and Latvia each added 2, and Belgium, Cyprus, Liechtenstein, and the Netherlands each added 1. ESMA stated that this update did not change other MiCA-related registration lists, including Asset-Referenced Tokens (ART), Electronic Money Tokens (EMT), and authorized issuers of crypto assets, as well as the list of non-compliant entities. Previously, after the transition period deadline on July 1, ESMA's second update had added 14 CASPs, including Ripple Payments Europe.

According to Bloomberg, Bank of New York Mellon is preparing to provide around-the-clock settlement for U.S. Treasury securities in response to the impact of the growth of the digital asset market on traditional financial infrastructure. In a letter to clients, the bank stated that it facilitated after-hours U.S. Treasury trading involving stablecoin issuers earlier this year, with plans to launch tokenized U.S. Treasuries and conduct pilot trading on its private blockchain by the end of 2026, aiming for 24/7 settlement of both traditional and tokenized U.S. Treasuries by 2027.Earlier this year, the bank facilitated after-hours Treasury trading involving stablecoin issuers—after the close of the Federal Reserve's Fedwire Securities Service, involving RLUSD stablecoin issuer Ripple and USDO stablecoin issuer OpenEden, both of which are backed by short-term U.S. Treasuries. BNY stated that the transaction "demonstrates that Treasury market activity related to the digital asset ecosystem can continue beyond traditional cutoff times."

The newly launched Bitcoin bank adopts an index display, with Fidelity ranking first at 71%, BNY in second place at 46%, and Goldman Sachs in third place at 45%. JPMorgan, Morgan Stanley, and Citigroup all stand at 43%. This index evaluates the Bitcoin-related service adoption of 25 major global institutions in trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%.The scores of the remaining institutions range from 13% to 38%, with Wells Fargo at 38%, Banco Santander and Société Générale both at 35%, Charles Schwab and TD Bank both at 32%, BNP Paribas, HSBC, Crédit Agricole, and UBS all at 30%, Bank of America, Barclays, and Standard Chartered all at 28%, State Street at 27%, Mizuho and Deutsche Bank both at 22%, MUFG at 18%, Lloyd's at 17%, and SMBC and Royal Bank of Canada both at 13%.

According to official news, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY, with both parties deepening their cooperation on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle to mint USDC from dollars or redeem USDC for dollars, covering the complete lifecycle of institutional stablecoin business.Circle's Chief Business Officer Kash Razzaghi stated that this cooperation is a continuation of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.

According to The Block, Ben Slavin, the global ETF head at Bank of New York Mellon (BNY), stated that asset managers are accelerating their tokenized ETF plans, driven mainly by investor demand and the FOMO sentiment of fearing to miss early opportunities in blockchain finance. Slavin revealed that BNY has multiple tokenized ETF projects underway, and although the regulatory environment and infrastructure are not yet fully ready, many clients wish to launch products as soon as possible. He believes that blockchain networks are expected to become a new distribution channel for traditional investment products, enabling around-the-clock holding and transfer of fund shares, shortening settlement times, and expanding coverage for global investors.Slavin also pointed out that currently, hundreds of well-known ETFs are trading in tokenized form in unregulated markets, and most of these have not been directly authorized by the fund sponsors, which poses reputational risks. This topic has become a focal point for discussions among BNY's asset management clients. Although the industry is still exploring core issues such as the integration of tokenized funds with existing infrastructure, secondary trading mechanisms, and regulatory frameworks, Slavin stated that asset managers are increasingly inclined to believe that "getting in early" in this field is more important than "waiting for clarity."

According to CoinDesk, the long-established asset management company Baillie Gifford from Edinburgh, Scotland (founded over 118 years ago) announced on Monday in collaboration with global custodian giant BNY the launch of a tokenized fixed income fund—Baillie Gifford Enhanced Yield Fund (BAGEY), deployed simultaneously on the Ethereum and Solana public chains.The fund is denominated in US dollars and operates under an open-ended investment company (OEIC) structure within the UK regulatory framework, targeting qualified investors from the UK, Switzerland, and the Cayman Islands. It offers an actively managed short-duration corporate bond portfolio, with a current yield of approximately 7%.Unlike most tokenized products on the market, Baillie Gifford's Head of Digital Assets Theo Golden emphasized that BAGEY is not a traditional fund wrapped in a token shell, but rather a fund issued directly on-chain, with the blockchain itself serving as the rights registry, allowing investors to directly hold shares and enjoy direct recourse.BNY will provide tokenization and wallet infrastructure for the fund, with NatWest acting as the custodian. The Global Head of Investor Solutions at BNY stated that this issuance marks the transition of tokenization from concept to real application, as regulated fund structures evolve towards a more digital and interconnected market.

According to Crowdfund Insider, Bank of New York Mellon (BNY) announced that it will launch compliant institutional-grade digital asset custody services in the Abu Dhabi Global Market (ADGM), promoting Abu Dhabi as a global digital financial center, aiming to provide institutional clients with highly secure and scalable digital asset custody solutions.It is reported that the initial services will support custody for Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWA), and more regulated digital financial products. The project still requires final agreement confirmation and relevant regulatory approvals.

According to the Wall Street Journal, the U.S. Treasury has chosen Bank of New York Mellon (BK.N) and Robinhood (HOOD.O) to participate in the Trump Account program. Bank of New York Mellon (BK.N) will act as the financial agent managing the initial accounts, and the two parties will also collaborate to develop a white-label application.It is reported that the Trump Account, also known as the 530A Account, is a tax-deferred investment account plan proposed by U.S. President Trump on June 9, 2025, aimed at establishing government-funded savings accounts for U.S. citizens' children born between January 1, 2025, and January 1, 2029. Each account will have an initial amount of $1,000, invested in index funds that track the U.S. stock market.

BNY Mellon CEO Robin Vince stated at the Digital Asset Summit in New York that the next phase of adoption in the crypto industry will depend on large financial institutions, as banks can connect traditional finance with the digital asset ecosystem.Robin Vince mentioned that BNY Mellon has already provided digital asset custody services and emphasized that tokenization is a key focus area, including the creation of new digital share classes for money market funds to issue existing products in tokenized form. He also pointed out that sectors such as lending and real estate may benefit first from tokenization.Robin Vince emphasized that trust and regulation will affect the speed of industry development and stated that a clear regulatory framework with "clear rules" is needed. He added that the U.S. GENIUS Act has been passed, while the revised Digital Asset Market Clarity Act is still progressing, with ongoing controversies regarding the treatment of stablecoin yields; the latest compromise allows rewards related to user activity but does not permit interest payments on stablecoin balances. He also stated that institutional participation still relies on security and regulation, and that this process will take 5 to 15 years.Morgan Stanley's Amy Oldenburg stated that banks expanding into the crypto space is not driven by hype, but rather a progression after years of infrastructure development.

According to CoinDesk, Morgan Stanley has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC), disclosing that its planned Morgan Stanley Bitcoin Trust will use Coinbase Custody and Bank of New York Mellon (BNY Mellon) as Bitcoin custodians.According to the submitted documents, the trust will primarily use offline cold storage to safeguard Bitcoin, with private keys disconnected from the internet to reduce the risk of hacking. BNY Mellon will also serve as the fund administrator, transfer agent, and cash custodian, responsible for handling accounting, shareholder records, and cash flow related to ETF transactions.

According to Bloomberg, Bank of New York Mellon (BNY) has launched a tokenized deposit service that allows clients to transfer funds through a blockchain network.The tokenized deposit is an on-chain representation of the deposits held by BNY clients in their bank accounts, which can be used for collateral and margin trading, and enables 24/7 operations to accelerate payment speeds. Currently, the institutions participating in this service include Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle. BNY currently manages or administers assets totaling $57.8 trillion, making it the third major global bank to delve into the digital asset space, following JPMorgan and HSBC.ICE plans to support tokenized deposits in its clearinghouse to align with its preparations for 24/7 trading settlements. Additionally, the service supports programmable trading, allowing for automatic fund transfers to be triggered when predefined conditions (such as loan repayment obligations) are met.

According to Bloomberg, blockchain technology company Digital Asset announced a strategic investment of $5,000 from BNY Mellon, iCapital, Nasdaq, and S&P Global. These investments reflect the accelerating trend of integration between traditional finance (TradFi) and decentralized finance (DeFi).Digital Asset is the creator of the Canton Network, which currently supports over $6 trillion in on-chain assets, covering various asset classes such as bonds, stocks, money market funds, alternative investment funds, and commodities, with over 600 institutions participating in its ecosystem. CEO Yuval Rooz stated that the participation of these institutions reinforces the necessity of building blockchain infrastructure for regulated markets. Each investor has expressed their intention to deepen cooperation with Digital Asset to advance the construction of next-generation financial market infrastructure.

According to Jin10, Bank of New York Mellon is launching a money market fund specifically tailored for stablecoin issuers, in compliance with the recently signed U.S. stablecoin legislation. The bank's BSRXX is one of the first funds designed for stablecoin providers, aimed at providing them with an investment venue that meets the requirements of the GENIUS Act. This law stipulates that issuers of dollar-backed digital tokens must invest their reserves in ultra-safe investments with a duration shorter than that of traditional money market funds.

According to Jinshi News, BNY Global has announced the launch of a stablecoin reserve fund, aimed at providing investors with a more stable digital asset investment option.

ChainCatcher news, Securitize launches "Tokenized AAA CLO Fund" (STAC), providing investors with on-chain exposure to AAA-rated collateralized loan obligations (CLOs) via Ethereum.BNY provides custody and fund services, and DeFi protocol Sky's on-chain capital allocation agency Grove plans to invest $100 million as a cornerstone investment. The fund aims to enhance the accessibility and settlement efficiency of CLO investments while promoting the development of the real-world asset (RWA) tokenization market. Securitize also recently plans to go public through a merger with Cantor Fitzgerald SPAC.

ChainCatcher news, according to FinanceFeeds, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has previously disclosed that it is using the Ethereum L2 network Linea to test messaging capabilities on the chain.According to the latest news, BNP Paribas and BNY Mellon have begun participating in the testing, which currently involves "more than a dozen financial institutions." A source who wished to remain anonymous stated that the entire testing process is expected to take several months to complete, but it will bring significant technological transformation to the international interbank payment industry.

ChainCatcher news, according to Forbes, in the latest move as traditional financial institutions increasingly embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) has partnered with BlackRock to launch a real-time reporting tool—Digital Assets Data Insights.The collaboration between these two financial giants to develop on-chain valuation and reporting tools is expected to have a significant impact on discussions around accounting and reporting for cryptocurrencies. In short, the tool will allow for the direct publication of Net Asset Value (NAV) data onto selected blockchains without relying on third-party accounting services.Benefits associated with this tool include: Bank of New York Mellon being able to directly publish NAV data on-chain; enhanced credibility of tokenized funds due to increased transparency and real-time information; and other products benefiting from a more comprehensive toolkit tailored specifically for tokenized information.