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BNY Targets $8.6 Trillion Transfer Agency Market on Blockchain Rails
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BNY Targets $8.6 Trillion Transfer Agency Market on Blockchain Rails

BNY, the world's largest custodian, is adding blockchain-based digital ownership records for tokenized funds while keeping its existing systems. This move targets the $8.6 trillion transfer agency market, aiming to streamline fund transfers and improve transparency. The initiative is expected to begin in 2027, with the first tokenized funds to be issued by the end of the year.

via CoinDesk#tokenization#bny-mellon#blockchain