BNY Mellon partners with Ripple to launch Ripple Prime, a platform for programmable cash for institutional investors, aiming to bridge the gap between traditional and digital finance.
BNY Mellon launches tokenized deposits for institutional clients using an in-house permissioned blockchain, marking a significant step for traditional finance into the blockchain and cryptocurrency space.
Moody’s forecasts that stablecoins and tokenized deposits will become institutional “digital cash” by 2026, with trillions in on-chain settlement volume and billions in infrastructure investment.