Major U.S. Bank BNY Enters On-chain Cash Race With Tokenized Deposit Pilot
BNY has rolled out a tokenized deposit service that enables shoppers to maneuver funds utilizing blockchain infrastructure, marking one other step by a serious international financial institution into digital property. Key Takeaways: BNY launched tokenized deposits to permit on-chain transfers whereas preserving funds throughout the regulated banking system. The service helps quicker, 24/7 settlement and…
