BNY Mellon Moves Fund Ownership Records to Blockchain, Eyes Institutional Adoption
The custodian bank launches a blockchain-based transfer agency, managing $8.6 trillion in assets across 7.6 million accounts
En resumen
BNY Mellon, a leading custodian bank, is transitioning its transfer agency operations to a blockchain platform, aiming to create a shared, on-chain record for fund ownership and transactions, initially covering $8.6 trillion in assets.
Resumen generado por IA
Por qué importa
BNY Mellon expands digital asset services under EU's MiCA framework.
BNY Mellon, one of the world’s largest custodian banks, is taking a major step toward blockchain-based financial infrastructure by moving fund ownership records onchain. The New York-based institution will launch a blockchain-based version of its transfer agency business, which manages fund ownership records and investor transactions, the Financial Times reported Wednesday. [...]
Qué observar
Perspectiva de IA — posibilidades, no hechos
Increased adoption of blockchain in financial services
Probable · En meses
Preguntas abiertas
- Which blockchain network will be used?
