#BREAKING 🇺🇸 BNY Mellon the world’s largest custodian bank is officially stepping deeper into blockchain waters.

According to Bloomberg, BNY Mellon is exploring tokenized deposits and blockchain-based payments, signaling a massive step toward the future of traditional finance meeting digital rails. The idea? Turning regular deposits into on-chain tokens that can move instantly, across borders, with full transparency and efficiency no old-school banking delays.

Carl Slabicki from BNY’s Treasury Services team confirmed the initiative, noting the goal is to bring real-time settlement and programmable money to institutional banking.

BNY has already teamed up with Goldman Sachs earlier this year to tokenize money-market funds and now, deposit tokens are next on the horizon.

If successful, this could reshape global payments, bridging Wall Street and Web3 like never before.