BNY Mellon Launches Tokenized Deposits on Digital Assets Platform

3 mins mins

Key Points:

BNY Mellon launches tokenized deposits on blockchain for institutional clients.
The service speeds up payment processes using tokenized deposits.
Participating firms include Intercontinental Exchange and Citadel Securities.

Bank of New York Mellon has launched a tokenized deposit service on its Digital Assets platform, leveraging blockchain technology to enhance speed and efficiency in institutional financial transactions.

This initiative positions BNY Mellon as a leader in the digital finance transformation, aligning with major industry players’ shift toward blockchain-based solutions for greater settlement efficiency and liquidity.

BNY Mellon Collaborates with Industry Leaders for Fund Transfers

Bank of New York Mellon has unveiled a service to transfer funds as tokenized deposits through a private blockchain, allowing for efficient collateral and margin trading. Notable participants include Intercontinental Exchange and Citadel Securities. BNY Mellon aims to bridge traditional banking with emerging digital assets, with clients like DRW Holdings and Ripple Prime already engaged.

Changes include improved payment speeds and 24/7 operations which cater to faster trade settlements. These tokenized deposits are designed to accelerate fund movements, improving liquidity and capital efficiency for major financial players globally.

As institutional markets move toward always on operating models, BNY is committed to innovating and helping define how cash moves across the modern financial system. Tokenized deposits provide us with the opportunity to extend our trusted bank deposits onto digital rails — enabling clients to operate with greater speed across collateral, margin, and payments, within a framework built for scale, resilience, and regulatory alignment. – Carolyn Weinberg, Chief Product and Innovation Officer, BNY

Tokenized Banking Solutions Gain Momentum Amid Stablecoin Reliance

Did you know? Tokenized deposits represent a growing trend among global banks. Recent advancements highlight the institutional shift towards digital assets, echoing earlier efforts by JPMorgan to tokenize bank deposits for real-time settlement.

According to CoinMarketCap, USDC’s price remains stable at $1.00, with a market cap of $74.74 billion and a trading volume of $9.41 billion, reflecting a 23.28% decline in activity over the past 24 hours. USDC has shown minimal fluctuation in price over the last 90 days.

usdc-daily-chart-382 — USDC(USDC), daily chart, screenshot on CoinMarketCap at 06:42 UTC on January 10, 2026. *Source: CoinMarketCap*

Research by Coincu emphasizes that tokenized bank deposits could enhance liquidity management, improve capital efficiency, and pave the way for more institutional applications. This innovation offers regulated solutions for real-time settlements and interoperability, further anchoring digital asset strategies within financial markets.

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