fintech
BNY Launches On-Chain Digital Cash as First Step Toward Tokenized Bank Deposits for Real-Time Settlement
📰 sources⭐ 6.0
TL;DR:
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...
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.