Global leading custodian bank BNY Mellon announces the opening of tokenized deposit services to institutional investors. This move marks another deep strategic expansion of traditional financial institutions into the digital asset space.

This system mirrors client account balances in real-time on a private blockchain, significantly improving transaction settlement efficiency, while also bringing notable improvements in liquidity management. For institutional investors, it offers the convenience of blockchain technology while maintaining the security guarantees of traditional finance.

It is worth noting that BNY Mellon's move is not an isolated case. JPMorgan Chase and HSBC have already made inroads into the digital asset field. Now, BNY Mellon's participation further accelerates the focus of major global financial institutions on the tokenization track. This trend reflects that institutional-grade digital asset applications have moved from the conceptual stage to actual implementation.