$XRP BNY Mellon, One of Wall Street’s Most Established Names, Joins Forces with Its New Move! “Ripple, Circle”
BNY Mellon (BNY), the largest custodian bank in the U.S., continues to expand its business using digital assets.
At this point, BNY Mellon has finally launched its tokenized deposit service.
According to Bloomberg, Bank of New York Mellon (BNY Mellon) announced it will launch a blockchain-based “tokenized deposit” service.
The tokenized deposit service aims to transform traditional bank deposits into on-chain digital assets to increase the efficiency of fund transfers and payments.
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