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The Bank of New York Mellon (BNY), the world’s largest custodian bank by assets under custody, has officially launched a tokenized deposit service designed to modernize institutional cash settlement. The new system allows approved clients to convert traditional cash deposits into digital tokens on a private blockchain, enabling faster, more flexible, and “always-on” financial operations.
The initiative brings major crypto and fintech players such as Ripple and Circle into BNY’s digital infrastructure, signaling a deeper integration between traditional banking and blockchain-based financial services.
BNY Targets 24/7 Financial Markets With Tokenized Deposits
BNY’s new offering is built to support institutional clients that operate in increasingly global, real-time markets. Through the tokenized deposit system, clients can represent their cash balances as digital tokens on a private ledger while still maintaining traditional bank account records for regulatory and compliance purposes.
“Tokenized deposits provide us with the opportunity to extend our trusted bank deposits onto digital rails — enabling clients to operate with greater speed across collateral, margin, and payments, within a framework built for scale, resilience, and regulatory alignment,” said Carolyn Weinberg, BNY’s Chief Product and Innovation Officer.
The goal is to reduce settlement delays, particularly for margin management, collateral movements, and complex institutional transactions, which often face time-zone and banking-hour limitations in traditional systems.
Supporting the Shift Toward “Always-On” Markets
BNY emphasized that global financial markets are moving toward an always-on operating model, where asset transfers and liquidity management need to happen around the clock — not just during standard banking hours.
Institutional investors increasingly require instant access to funds to respond to:
Market volatility
Margin calls
Collateral adjustments
Cross-border payment needs
Tokenized deposits help address these demands by:
Reducing settlement friction
Enabling near-real-time transfers
Supporting programmable payments that execute automatically when predefined conditions are met
Despite the use of blockchain technology, BNY confirmed that all client balances remain recorded in its traditional banking systems to ensure regulatory reporting integrity and financial safety.
A Hybrid Model That Prioritizes Compliance
BNY’s approach combines blockchain efficiency with traditional banking safeguards. This hybrid structure ensures that speed and innovation do not come at the expense of compliance or risk management.
“Interoperability between these systems not only builds durable bridges between the real economy and the broader internet financial system, but also demonstrates that speed and new use cases do not come at the expense of safety and soundness expectations of the world’s leading financial institutions,” said Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy and Operations.
This model reflects a growing trend where major banks adopt blockchain infrastructure while maintaining regulatory alignment.
Ripple Prime Among the First Users
Ripple Prime, a subsidiary of Ripple, is one of the first firms to utilize BNY’s tokenized deposit service. The partnership builds on an existing relationship, as BNY already serves as the primary custodian for the reserves backing Ripple’s RLUSD stablecoin.
By integrating with BNY’s digital ledger, Ripple Prime can:
Manage liquidity more efficiently
Represent cash balances on-chain
Settle transactions in near real time
“As more traditional financial institutions move into digital-native services in 2026, BNY is staying ahead of the curve, bringing digital assets directly into the banking system,” said Noel Kimmel, President of Ripple Prime.
Circle, Paxos, and Major Asset Managers Join the Platform
In addition to Ripple Prime and Circle, BNY confirmed that several other digital asset firms and traditional financial institutions are testing the platform, including:
Securitize
Talos
Paxos
WisdomTree
Invesco
This diverse group of participants highlights the growing institutional interest in blockchain-powered financial infrastructure.
What This Means for Institutional Finance
BNY’s tokenized deposit service represents a major step toward:
Faster settlement cycles
Improved liquidity management
24/7 operational capability
Strong regulatory compliance
Rather than replacing traditional banking, the system enhances it with digital efficiency, creating a bridge between legacy finance and blockchain technology.
Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Readers should conduct their own research before making any financial decisions.
👉 Follow for more crypto and blockchain news, institutional adoption updates, and market insights.
#BNY #Circle

#Circle gains regulatory approval in Abu Dhabi and partners with #LuLu Financial Holdings to enhance cross-border payments using #USDC , marking a significant step in its Middle East expansion.
Circle Secures Abu Dhabi Approval,
Circle, the issuer of the USDC stablecoin, has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking a pivotal step in its strategic expansion into the Middle East.
This regulatory nod positions Circle to obtain a full Financial Services Permission (FSP) license, enabling it to operate as a regulated money services provider within the United Arab Emirates. Jeremy Allaire, Circle’s Co-Founder and CEO, emphasized that this development "advances our strategy to establish deep roots in markets embracing the onchain economy" and underscores the company's commitment to global stablecoin oversight.​
In tandem with its regulatory progress, Circle has announced a strategic partnership with LuLu Financial Holdings, a prominent financial services conglomerate in the Middle East. This collaboration aims to facilitate remittances and cross-border payments using USDC, Circle’s fully-reserved digital dollar. LuLuFin, operating across the Gulf Cooperation Council (GCC), Indian sub-continent, and APAC region, manages over $10 billion in annual transactions. The partnership will initially target payment corridors between the Middle East, Asia, and Europe, leveraging USDC to enhance liquidity, reduce volatility, and improve transaction speed and traceability. 
Circle's incorporation within the ADGM and its collaboration with LuLuFin align with the UAE's broader ambition to become a global hub for digital assets and blockchain innovation. The ADGM has been proactive in establishing a forward-thinking regulatory framework to attract leading digital asset firms. Arvind Ramamurthy, Chief of Market Development at ADGM, welcomed Circle, stating that their presence "will further strengthen ADGM’s position as a global financial powerhouse."
This move also complements Circle's recent partnership with Hub71, #AbuDhabi tech ecosystem, where they plan to collaborate on projects within ADGM’s digital regulatory sandbox. Circle will join Hub71’s digital assets group, sharing its expertise with a community of over 500 tech startups and investors.
As Circle continues to expand its global footprint, these developments signify a concerted effort to enhance financial inclusion and accessibility through regulated blockchain solutions, particularly in high-traffic remittance corridors.​
#AltcoinDigest

🪙 Circle Internet Financial, the issuer of USD Coin (USDC), has been making significant moves in the crypto world.

While USDC is already listed on major exchanges like Binance, there’s growing buzz around a possible new token — $CIRCLE — which could represent equity or governance rights within the Circle ecosystem.
Here’s a detailed look at all possibilities around its launch, listing, and growth potential. 🚀
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🔍 What is $CIRCLE?

Right now, Circle hasn’t officially launched a token named $CIRCLE. 🧐

But with Circle's big steps like filing for an IPO and expanding global partnerships, the idea of launching a governance or utility token ($CIRCLE) is very much possible.
It could be aimed at giving stakeholders voting rights or other on-chain utilities. 🗳️

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🤝 Strategic Partnerships and Expansion

In December 2024, Circle and Binance entered a strategic partnership to push USDC adoption even further. 🌎
This includes:

Making USDC more available across Binance platforms.

Introducing more USDC trading pairs.

Integrating USDC into Binance's corporate treasury. 💼

Such strong partnerships increase Circle’s visibility — and create a perfect setup for launching a native token like $CIRCLE
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📈 Potential for Growth

✅ 1. Regulatory Compliance and Trust

Circle is known for its high compliance with financial regulations. 🏛️
This builds strong trust among institutional investors — a huge plus if $CIRCLE enters the market!

✅ 2. Market Demand for Governance Tokens

Crypto users love governance rights these days! 📊
If $CIRCLE gives holders a say in Circle's decisions, its demand could skyrocket. 🚀

✅ 3. Integration with DeFi and CeFi Platforms

Imagine $CIRCLE being used in:

Staking programs

Lending platforms

DeFi ecosystems 🔥

All of these would boost its utility and price potential over time.
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⚠️ Risks and Challenges

⚡ Speculative nature:
There’s still no official confirmation yet about $CIRCLE. Stay cautious!

⚡ Regulatory hurdles:
Launching a new token = facing tough legal and compliance reviews.

⚡ Market competition:
Many projects offer governance and staking; $CIRCLE would need to stand out to succeed. 🎯
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📝 Conclusion

If $CIRCLE launches and gets listed on big platforms like Binance, it could be a game-changer! 🌟
Its growth potential looks solid, especially with Circle’s reputation, strategic moves, and a likely boom in governance-focused crypto.

But remember, until it’s officially confirmed, treat everything carefully and
DYOR (Do Your Own Research)! ⚡
#Binance #Circle #altcoins #crypto #hassantanoliii
$SOL $XRP $KERNEL