Daofu Bank will launch a Tokenization Platform, aiming to develop tokenized funds and stablecoin products
BlockBeats News, January 15th, according to Bloomberg, BNY Mellon is launching a series of tokenized products. The bank will develop tokenized money market funds, Exchange-Traded Funds (ETFs), as well as cash products such as tokenized deposits and stablecoins. Joerg Ambrosius, BNY Mellon's Head of Investment Services, stated that the launch of a digital asset platform is a "significant step" in BNY Mellon's strategy.
BNY Mellon currently oversees $51.7 trillion in assets, has previously provided management and accounting services for crypto ETFs, and also collaborated with Galaxy Digital to create tokenized funds in December last year. They plan to consider offering custody services in the future based on regulatory developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin mining stocks rise: Riot partners with AMD, Galaxy expands further in Texas
The US Dollar Index rises to 99.389, with significant changes in major currency exchange rates.
The onshore RMB closed at 6.9720 against the US dollar, down 40 points.
Trending news
MoreCrypto prices
More
