BNY Mellon Expands Investment in Securities Lending with EquiLend Partnership

According to BlockBeats, BNY Mellon has announced its early adoption of EquiLend's 1Source platform, marking a significant step in its securities lending investments. Additionally, BNY Mellon will acquire a minority stake in EquiLend. EquiLend's 1Source platform utilizes distributed ledger technology (DLT) to enhance transparency and efficiency in securities lending. The introduction of this platform is expected to transform traditional securities lending operations, offering users more efficient trading and management tools.