New York Bank is making a big move again. Recently, they are launching a new blockchain tokenized deposit product, mainly for large institutions. It sounds like they are building on their private permissioned chain to ensure that each transaction is secure and controllable, with comprehensive risk management standards.

The benefits of this are obvious—institutional fund liquidity is directly improved, no longer needing to wait around like before. More importantly, this reflects a phenomenon: traditional major banks are seriously embracing the digital asset space, no longer just paying lip service. From the perspective of tokenized deposits, institutional-grade blockchain applications are moving from concept to real business. This iteration of financial infrastructure is just beginning to reshape the overall market landscape.