The effort aims to enable near-instant settlement and potentially reduce transaction costs, with tokenized deposits moving over a blockchain.

Bank of New York Mellon (BNY Mellon), the world’s largest custodial bank, is testing tokenized deposits to modernize its global payment infrastructure. The $55.8 trillion custodial bank seeks to keep ...

Carnegie Mellon University and Global Financial Services Company BNY Join Forces to Advance AI Education and Research.

Demand for tokenized assets, real-time data and collateral mobility is turning asset servicing into a strategic ...

Citigroup's wealth management arm has hired two senior executives to bolster its investment solutions business, according to ...