BNY Mellon announced the launch of tokenized financial products, expanding its digital asset services to include money market funds, ETFs, and stablecoin products.
This initiative represents BNY Mellon's significant move into digital finance, aiming to enhance liquidity, streamline settlements, and integrate traditional banking with blockchain technology for institutional clients.
BNY Mellon Expands Digital Offerings with Tokenized Assets
BNY Mellon has announced its foray into digital assets with the launch of tokenized financial products. These products include tokenized money market funds, ETFs, and deposits, leveraging BNY’s extensive financial services infrastructure and partnerships with firms like Galaxy Digital.
The immediate shift sees BNY Mellon enhancing liquidity and reducing settlement friction within institutional frameworks. By adopting blockchain technology, they aim to streamline financial operations and offer programmable digital payments on a private network.
Carolyn Weinberg, Chief Product and Innovation Officer at BNY Mellon, emphasized the bank’s commitment to innovation. "As institutional markets move toward always-on operating models, BNY is committed to innovating and helping define how cash moves across the modern financial system. Tokenized deposits provide us with the opportunity to extend our trusted bank deposits onto digital rails."
Traditional Banking Giants Integrate Blockchain Technologies
BNY Mellon’s move follows JPMorgan's 2022 launch of the JPM Coin, illustrating how traditional banks adapt to digital currency landscapes by implementing institutional blockchain solutions.
On January 15, 2026, XRP traded at $2.07 with a market cap of $125.38 billion, holding a market dominance of 3.88%. Recent price movements show a 3.92% decline in the past 24 hours. Trading volume fell 37.62% to $3.15 billion. Data reveals a 90-day loss of 10.32% and a current circulating supply of 60.70 billion XRP.
The Coincu research team anticipates regulatory advancements could further shape institutional adoption of digital assets. Historical trends suggest that tokenization may influence liquidity management and settlement processes, while technological advances promise enhanced efficiency across financial networks. BNY offers solutions on its digital assets platform for clients.