Bank of New York Mellon launches a tokenized deposit pilot, mirroring customers' demand deposit balances on a private blockchain while retaining traditional ledgers. The first phase focuses on collateral and margin, supporting 24/7 settlement. Participants include ICE, Citadel Securities, DRW, Baillie Gifford, Circle, Ripple Prime. #Tokenization
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Bank of New York Mellon launches a tokenized deposit pilot, mirroring customers' demand deposit balances on a private blockchain while retaining traditional ledgers. The first phase focuses on collateral and margin, supporting 24/7 settlement. Participants include ICE, Citadel Securities, DRW, Baillie Gifford, Circle, Ripple Prime. #Tokenization