BNY Mellon, the world’s largest custodian bank, has announced it will start issuing digital representations of customer deposits on the blockchain. This development signals a move towards integrating traditional finance with blockchain technology. The tokenized deposits aim to serve both institutional clients and "digital natives," according to reports. The initiative reflects a growing trend among financial institutions to explore and adopt blockchain solutions.

BNY Mellon, the world’s largest custodian bank, has announced it will start issuing digital representations of customer deposits on the blockchain. This development signals a move towards integrating traditional finance with blockchain technology. The tokenized deposits aim to serve both institutional clients and "digital natives," according to reports. The initiative reflects a growing trend among financial institutions to explore and adopt blockchain solutions.