BNY’s Tokenized Deposits Pilot Enters Regulatory Spotlight

BNY Mellon confirmed it is exploring tokenized deposits to let clients move money on blockchain rails. The initiative is part of its plan to modernize a $2. 5 trillion-a-day payments network. The pilot aims to show how regulated deposits can settle in seconds instead of days, without leaving the banking system’s protection source: https://beincrypto.com/bnys-tokenized-deposits-pilot-enters-regulatory-spotlight/