🔥 A significant event in the world of finance: BNY launches deposit settlements on blockchain!
The giant of traditional finance, BNY (Bank of New York Mellon), has taken a major step toward integrating digital assets by launching an innovative platform for institutional clients.
The platform enables BNY's institutional clients to settle deposits directly on a private blockchain. This fundamentally transforms the approach to liquidity management and transaction speed.
The blockchain offers these key advantages:
Instant settlements: Instead of waiting days, transactions occur almost instantly
24/7 access: Asset settlements become available at any time.
Increased efficiency: Use of distributed ledger technology optimizes processes and reduces operational costs
BNY's move is a clear confirmation of a broader trend in the financial industry: the world's largest banks are increasingly turning to blockchain technology as the foundation for the future of settlement infrastructure. This signals the irreversible progress of RWA tokenization and the convergence of TradFi with crypto-economics.
The future of finance is becoming digital today