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
L'essentiel
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.
Résumé généré par IA
Pourquoi c'est important
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. [...]
À surveiller
Perspective IA — des possibilités, pas des certitudes
Increased adoption of blockchain in financial services
Probable · En quelques mois
Questions ouvertes
- Which blockchain network will be used?
