bny

According to CoinDesk, the long-established asset management company Baillie Gifford from Edinburgh, Scotland (founded over 118 years ago) announced on Monday in collaboration with global custodian giant BNY the launch of a tokenized fixed income fund—Baillie Gifford Enhanced Yield Fund (BAGEY), deployed simultaneously on the Ethereum and Solana public chains.The fund is denominated in US dollars and operates under an open-ended investment company (OEIC) structure within the UK regulatory framework, targeting qualified investors from the UK, Switzerland, and the Cayman Islands. It offers an actively managed short-duration corporate bond portfolio, with a current yield of approximately 7%.Unlike most tokenized products on the market, Baillie Gifford's Head of Digital Assets Theo Golden emphasized that BAGEY is not a traditional fund wrapped in a token shell, but rather a fund issued directly on-chain, with the blockchain itself serving as the rights registry, allowing investors to directly hold shares and enjoy direct recourse.BNY will provide tokenization and wallet infrastructure for the fund, with NatWest acting as the custodian. The Global Head of Investor Solutions at BNY stated that this issuance marks the transition of tokenization from concept to real application, as regulated fund structures evolve towards a more digital and interconnected market.

According to Crowdfund Insider, Bank of New York Mellon (BNY) announced that it will launch compliant institutional-grade digital asset custody services in the Abu Dhabi Global Market (ADGM), promoting Abu Dhabi as a global digital financial center, aiming to provide institutional clients with highly secure and scalable digital asset custody solutions.It is reported that the initial services will support custody for Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWA), and more regulated digital financial products. The project still requires final agreement confirmation and relevant regulatory approvals.

According to the Wall Street Journal, the U.S. Treasury has chosen Bank of New York Mellon (BK.N) and Robinhood (HOOD.O) to participate in the Trump Account program. Bank of New York Mellon (BK.N) will act as the financial agent managing the initial accounts, and the two parties will also collaborate to develop a white-label application.It is reported that the Trump Account, also known as the 530A Account, is a tax-deferred investment account plan proposed by U.S. President Trump on June 9, 2025, aimed at establishing government-funded savings accounts for U.S. citizens' children born between January 1, 2025, and January 1, 2029. Each account will have an initial amount of $1,000, invested in index funds that track the U.S. stock market.

According to official news, OpenEden announced a partnership with BNY Investments, a subsidiary of Bank of New York Mellon, to launch the tokenized product HYBOND, which will put its global short-term high-yield bond fund on the blockchain.This product will initially be open to select institutional clients and is planned to be fully available to institutional investors by the end of April 2026. It is currently deployed on the Ethereum network and will later expand to multi-chain ecosystems such as XRP Ledger and BNB Chain.

BNY Mellon CEO Robin Vince stated at the Digital Asset Summit in New York that the next phase of adoption in the crypto industry will depend on large financial institutions, as banks can connect traditional finance with the digital asset ecosystem.Robin Vince mentioned that BNY Mellon has already provided digital asset custody services and emphasized that tokenization is a key focus area, including the creation of new digital share classes for money market funds to issue existing products in tokenized form. He also pointed out that sectors such as lending and real estate may benefit first from tokenization.Robin Vince emphasized that trust and regulation will affect the speed of industry development and stated that a clear regulatory framework with "clear rules" is needed. He added that the U.S. GENIUS Act has been passed, while the revised Digital Asset Market Clarity Act is still progressing, with ongoing controversies regarding the treatment of stablecoin yields; the latest compromise allows rewards related to user activity but does not permit interest payments on stablecoin balances. He also stated that institutional participation still relies on security and regulation, and that this process will take 5 to 15 years.Morgan Stanley's Amy Oldenburg stated that banks expanding into the crypto space is not driven by hype, but rather a progression after years of infrastructure development.

According to CoinDesk, Morgan Stanley has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC), disclosing that its planned Morgan Stanley Bitcoin Trust will use Coinbase Custody and Bank of New York Mellon (BNY Mellon) as Bitcoin custodians.According to the submitted documents, the trust will primarily use offline cold storage to safeguard Bitcoin, with private keys disconnected from the internet to reduce the risk of hacking. BNY Mellon will also serve as the fund administrator, transfer agent, and cash custodian, responsible for handling accounting, shareholder records, and cash flow related to ETF transactions.

According to Bloomberg, Bank of New York Mellon (BNY) has launched a tokenized deposit service that allows clients to transfer funds through a blockchain network.The tokenized deposit is an on-chain representation of the deposits held by BNY clients in their bank accounts, which can be used for collateral and margin trading, and enables 24/7 operations to accelerate payment speeds. Currently, the institutions participating in this service include Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle. BNY currently manages or administers assets totaling $57.8 trillion, making it the third major global bank to delve into the digital asset space, following JPMorgan and HSBC.ICE plans to support tokenized deposits in its clearinghouse to align with its preparations for 24/7 trading settlements. Additionally, the service supports programmable trading, allowing for automatic fund transfers to be triggered when predefined conditions (such as loan repayment obligations) are met.

According to Bloomberg, blockchain technology company Digital Asset announced a strategic investment of $5,000 from BNY Mellon, iCapital, Nasdaq, and S&P Global. These investments reflect the accelerating trend of integration between traditional finance (TradFi) and decentralized finance (DeFi).Digital Asset is the creator of the Canton Network, which currently supports over $6 trillion in on-chain assets, covering various asset classes such as bonds, stocks, money market funds, alternative investment funds, and commodities, with over 600 institutions participating in its ecosystem. CEO Yuval Rooz stated that the participation of these institutions reinforces the necessity of building blockchain infrastructure for regulated markets. Each investor has expressed their intention to deepen cooperation with Digital Asset to advance the construction of next-generation financial market infrastructure.

According to Jin10, Bank of New York Mellon is launching a money market fund specifically tailored for stablecoin issuers, in compliance with the recently signed U.S. stablecoin legislation. The bank's BSRXX is one of the first funds designed for stablecoin providers, aimed at providing them with an investment venue that meets the requirements of the GENIUS Act. This law stipulates that issuers of dollar-backed digital tokens must invest their reserves in ultra-safe investments with a duration shorter than that of traditional money market funds.

According to Jinshi News, BNY Global has announced the launch of a stablecoin reserve fund, aimed at providing investors with a more stable digital asset investment option.

ChainCatcher news, Securitize launches "Tokenized AAA CLO Fund" (STAC), providing investors with on-chain exposure to AAA-rated collateralized loan obligations (CLOs) via Ethereum.BNY provides custody and fund services, and DeFi protocol Sky's on-chain capital allocation agency Grove plans to invest $100 million as a cornerstone investment. The fund aims to enhance the accessibility and settlement efficiency of CLO investments while promoting the development of the real-world asset (RWA) tokenization market. Securitize also recently plans to go public through a merger with Cantor Fitzgerald SPAC.

ChainCatcher news, according to FinanceFeeds, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has previously disclosed that it is using the Ethereum L2 network Linea to test messaging capabilities on the chain.According to the latest news, BNP Paribas and BNY Mellon have begun participating in the testing, which currently involves "more than a dozen financial institutions." A source who wished to remain anonymous stated that the entire testing process is expected to take several months to complete, but it will bring significant technological transformation to the international interbank payment industry.

ChainCatcher news, according to Forbes, in the latest move as traditional financial institutions increasingly embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) has partnered with BlackRock to launch a real-time reporting tool—Digital Assets Data Insights.The collaboration between these two financial giants to develop on-chain valuation and reporting tools is expected to have a significant impact on discussions around accounting and reporting for cryptocurrencies. In short, the tool will allow for the direct publication of Net Asset Value (NAV) data onto selected blockchains without relying on third-party accounting services.Benefits associated with this tool include: Bank of New York Mellon being able to directly publish NAV data on-chain; enhanced credibility of tokenized funds due to increased transparency and real-time information; and other products benefiting from a more comprehensive toolkit tailored specifically for tokenized information.

ChainCatcher news, according to The Information, as banks warm up to cryptocurrency, Bank of New York Mellon (BNY) is expanding its services for stablecoin issuer Circle. Sources say that the bank will allow some clients to remit funds to or receive funds from Circle through BNY for the purchase or sale of Circle's stablecoins. Previously, Circle's clients had to use small U.S. banks to remit funds to Circle, which could limit the growth scale of this stablecoin company.This new arrangement facilitates the creation and redemption of Circle's stablecoins and can help the New York-based Circle drive broader adoption of its dollar-pegged stablecoin among other traditional financial institutions. The two companies stated in a joint announcement, "BNY and Circle will continue to work to bridge the gap between traditional finance and digital finance, and explore how to deepen our relationship for the benefit of the financial markets." Reports suggest that these changes will help make Circle more attractive to investors ahead of a potential initial public offering (IPO).The partnership with BNY is noteworthy because the company is a Global Systemically Important Bank (G-SIB), a regulatory designation that subjects it to particularly stringent oversight. Using a large U.S. bank like BNY is a way for Circle to differentiate itself from competitors like Tether. Some insiders have indicated that BNY has received approval from the New York State Department of Financial Services to provide a broader range of payment services to Circle. By servicing Circle, BNY may also attract more crypto-related deposits. Insiders previously stated that the company has been discussing providing banking services to more crypto firms but is cautious and only works with the safest companies.

ChainCatcher news, according to Bloomberg, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that the digital asset custody service structure proposed by Bank of New York Mellon can be applied to cryptocurrencies beyond Bitcoin and Ethereum ETFs.Gensler mentioned that the structure proposed by Bank of New York Mellon includes the use of individual crypto wallets, with each wallet having a separate bank account, and prohibits mixing with bank assets. Earlier this week, Bank of New York Mellon acknowledged that it had submitted a Bitcoin and Ethereum custody plan to the SEC's Office of the Chief Accountant to protect customer funds in the event of a bank bankruptcy.

ChainCatcher news, according to The Block, BNY Mellon has hired former Zodia Custody CEO Maxime de Guillebon as the head of digital asset products and appointed former BlockFi employee Rachel Willis as Chief of Staff for the digital asset division. (source link)