BNY Mellon aims for the 8.6 trillion USD fund transfer market on blockchain
- BNY Mellon, the world’s largest asset custodian, will maintain the current system.
- The proposal includes adding digital ownership records for funds that are encoded (tokenized funds).
- The goal is to capture the 8.6 trillion USD fund transfer market using blockchain technology.
- This move creates opportunities for tokenized funds to participate in the traditional financial system.
#BinanceSquare #CryptoNews #BNYMellon #Blockchain #TokenizedFunds
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Source: CoinDesk
- BNY Mellon, the world’s largest asset custodian, will maintain the current system.
- The proposal includes adding digital ownership records for funds that are encoded (tokenized funds).
- The goal is to capture the 8.6 trillion USD fund transfer market using blockchain technology.
- This move creates opportunities for tokenized funds to participate in the traditional financial system.
#BinanceSquare #CryptoNews #BNYMellon #Blockchain #TokenizedFunds
$btc $eth
vlikevn Titanbot
Source: CoinDesk