OpenEden taps BNY Mellon to manage tokenized US Treasury assets

How Musk reduces costs by building cars, rockets and websites

Musk has turned Tesla, SpaceX and X into industry leaders through rigorous cost-cutting measures.

OpenEden Launches Tokenized U.S. Treasury Bills on XRPL

OpenEden's tokenized U.S. Treasury bills on the XRPL, supported by Ripple, represent a pivotal development in the fusion of traditional and decentralized finance.

Moody’s rates OpenEden’s tokenized fund ‘A-bf’

OpenEden’s TBILL received an “A-bf” rating from Moody’s on June 19 as more Treasuries began to come online.

Tesla Faces Recall of 1.6 Million Cars in China Over Software Issues

Tesla faces a significant setback in China, recalling 1.6 million cars due to software issues. The move, impacting both imported and domestic models, follows a recent US recall and raises concerns about Tesla's market performance in 2024.

BNY Mellon CEO Says the Bank Is Going 'Incredibly Slow' on Crypto

BNY Mellon Names Caroline Butler CEO of Digital Assets

Butler previously ran the Custody Services division at the bank.

Bitcoin in Zimbabwe: Importing cars and sending money to family

A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic.

Japanese e-commerce site adopts BTC and XRP payments for used cars

The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.

BNY Mellon Partners with Chainalysis to Track Users' Crypto Transactions

BNY Mellon, the world's largest custodian bank, has partnered with blockchain software company Chainalysis to track its users' crypto transactions.

Circle selects BNY Mellon as custodian for USDC reserves

The firm previously said its reserves would be in cash and treasuries.