Tagged: bny

BNY Launches On-Chain Digital Cash as First Step Toward Tokenized Bank Deposits for Real-Time Settlement

BNY (NYSE: BK) has launched new digital cash capabilities by enabling the on-chain mirrored representation of client deposit balances on its Digital Assets platform. Announced recently, this initiative represents the first concrete step in BNY’s strategy to tokenize bank deposits, paving the way for real-time,… Read More

DTCC’s FICC and BNY Introduce Collateral-in-Lieu Service

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the financial services industry, and BNY (NYSE: BK), a global financial services company, announced that DTCC’s Fixed Income Clearing Corporation (FICC) subsidiary has launched its Collateral-in-Lieu (CIL) service under its Sponsored General Collateral (GC)… Read More

Digital Assets focused Sygnum Bank Partners with BNY on USD Settlement Services

Sygnum, a global digital asset banking group, announces it has launched its collaboration with BNY (NYSE: BK), a global financial services company, as one of its USD settlement providers. The collab, which is reportedly one the first with a European digital asset bank in this… Read More

BNY Joins US Govt Investment Initiative, Expanding Access to Savings for Workers

BNY (NYSE: BK) has recently announced its active participation in the U.S. government’s investment initiative for children, continuing the company’s long history of expanding financial access and opportunity for employees and their families. As reportedly one of the first financial services companies to join the… Read More

Cboe Clear Europe Is Developing Securities Financing Transactions Clearing Service

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced that Cboe Clear Europe, its pan-European clearing house, has reached a key step in the development of its Securities Financing Transactions (SFT) clearing service, with BNY (NYSE: BK), a financial services company,… Read More

BNY Introduces Stablecoin Reserves Fund, Expanding Digital Assets Product Suite

BNY (NYSE: BK), a financial services company, announced the launch of the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a money market fund intended to support institutional adoption of digital assets in the liquidity ecosystem. The fund is meant to enable U.S. stablecoin issuers and other… Read More

US Treasury Central Clearing Survey : American Firms Have Confidence in Readiness while Europe and Asia Lag Behind

SIFMA, BNY, Broadridge and The Depository Trust & Clearing Corporation (DTCC), in collaboration with The ValueExchange, today released findings from their “U.S. Treasury Central Clearing Pulse Survey”, which draws upon insights from global market participants. The survey, conducted by The ValueExchange, was meant to provide… Read More

WisdomTree Appoints BNY for BaaS Infrastructure for Digital Assets, Enabling Access to Stablecoins and RWAs

WisdomTree, Inc. (NYSE: WT), a global financial services firm, announced it has appointed The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a financial services provider, as its core banking-as-a-service infrastructure provider for WisdomTree Prime, the firm’s retail platform for tokenized assets and cryptocurrency…. Read More

BNY Considers Tokenized Deposits as Blockchain based Transactions Surge

Bank of New York Mellon Corp. (BNY) (NYSE: BK), which claims to be one of the world’s largest custodian bank with over $55.8 trillion in assets under custody and administration, is said to be actively piloting tokenized deposits in order to integrate DLT / blockchain technology… Read More

Global Fintech Platform iCapital Forms Alliance with BNY

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, and iCapital, the global fintech platform shaping the future of investing, announced an alliance to deliver an integrated offering through BNY Pershing’s Wove and BNY’s Alts Bridge platforms. Building on… Read More

BNY to Provide Custody for Ripple’s Stablecoin RLUSD

The Bank of New York Mellon Corporation (BNY) (NYSE: BK)will provide custody for Ripple’s dollar-based stablecoin RLUSD. Congressional legislation providing clarity on the regulation of payment stablecoins is expected to be passed into law soon. This will mean the banks will feel more comfortable providing… Read More

BNY Launches ADR Program for Canadian Firms, Enabling US Market Access

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced the opening of an unsponsored American Depositary Receipt (ADR) program for a leading Canadian supermarket chain. This milestone marks the first time U.S. and global investors “can leverage ADRs… Read More

Asset Management Firm Liontrust’s UK Traders Join BNY

Liontrust, the specialist active asset manager, has expanded its relationship with The Bank of New York Mellon Corporation (BNY), a global financial services company, by announcing the “outsourcing of its trading for investment funds and institutional accounts to BNY’s Buy-Side Trading Solutions group.” Liontrust’s UK-based… Read More

BNY Unveils Enhancements for Wealth Management Firms

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, will announce enhancements to its products for wealth managers during its annual INSITE conference this week. INSITE 2025 is the first time the conference will showcase various new and future… Read More

BNY Enhances Compliance Monitoring with Implementation of Behavox Quantum AI

Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, announced that BNY (NYSE: BK), a financial services company, has completed the implementation of Behavox Quantum. Tom Wileman, Head of Global Compliance Assurance at BNY said:… Read More

Swiss Re and UBS Instruct Same-Day Repo Trade, Settled via BNY Triparty Infrastructure

The Bank of New York Mellon Corporation (BNY) (NYSE: BK) has piloted the “first” intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which “took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral… Read More

BNY Expands Digital Assets Platform with Launch of On-Chain Offering

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced the expansion of its Digital Asset Platform with the launch of its Digital Asset Data Insights product, designed to securely and efficiently “deliver both on- and off-chain data across… Read More

Deepak Gupta of Volante Technologies Comments on Recent Advancements in Real Time Payments and FedNow

The Clearing House recently announced an update regarding their Real Time Payments (RTP) network transaction limit being raised from $1M to $10M. Bank of New York Mellon (BNY) has successfully leveraged this advancement and completed the largest instant payment in US history, a $10M inter-company… Read More

BNY and Conduent to Deliver Pension Risk Transfer Solution to Support Transactions Among Corporate Pensions

According to an update from BNY (NYSE: BK), as pensions become costly and difficult to manage, companies can de-risk their balance sheets by transferring them to insurers and pension acquirers. BNY noted that a new collaboration enables a seamless pension experience from administration to payments…. Read More

BNY Announces Expansion of iFlow Fixed Income and Equities Insights

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced the expansion of its iFlow product offering, with extensive fixed income and equity data analytics. iFlow provides a vantage point of insights into BNY’s $50 trillion+ in assets under… Read More

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