BNY, one of the largest global financial services platforms with over $55 trillion in assets, has launched a tokenized deposit capability on its Digital Assets platform. This new feature mirrors institutional clients’ existing cash balances on a private blockchain. It enables near-real-time settlement. The service begins with collateral and margin workflows. BNY’s traditional core banking systems keep all official records in their own private blockchain. BNY launched this new service after deploying toke ...