All articles tagged with #bny mellon
BNY Mellon has launched a new capability to tokenize client deposits on its Digital Assets platform, enabling on-chain representation of cash for institutional clients to support faster, more efficient settlement and liquidity management, with plans to expand these features to broader cash movement and market infrastructure.
Bank of America and BNY Mellon are sued over their financial connections to Jeffrey Epstein, highlighting ongoing legal scrutiny of institutions linked to Epstein's activities.
Goldman Sachs and BNY Mellon are collaborating to tokenize the $7.1 trillion money market industry, allowing institutional investors to buy tokenized funds on a blockchain platform, which aims to increase efficiency and enable new transfer capabilities, with major clients like BlackRock and Fidelity already on board.
Bank of New York Mellon will serve as the primary custodian for Ripple's new USD-pegged stablecoin, RLUSD, enhancing regulatory compliance and institutional credibility amid growing interest in stablecoins from major corporations and evolving crypto regulations.
The Wall Street Journal reports that BNY Mellon approached Northern Trust with a potential merger, highlighting ongoing consolidation efforts in the banking sector.
Singapore's central bank, along with major financial institutions including JPMorgan, DBS, and BNY Mellon, is testing tokenization use cases such as digital asset trades, foreign currency payments, clearing and settlement, fund management, and portfolio rebalancing. JPMorgan and Apollo have conducted a proof of concept to tokenize funds on the blockchain. This initiative is part of Project Guardian, which aims to advance asset tokenization and includes regulators from Japan, the UK, and Switzerland. Additionally, OKX is offering derivatives trading without counterparty risk, SC Ventures has launched a tokenization platform, and a chart shows a decline in bitcoin held by miners.
Warren Buffett's Berkshire Hathaway added a $954 million position in Capital One, exited its $1.14 billion position in BNY Mellon and a $290 million position in US Bancorp, and cut its holdings in Chevron and General Motors. Apple remains Berkshire's largest stock holding. Berkshire also purchased shares in UK drinks maker Diageo and exited its stake in Taiwan Semiconductor.