BNY Mellon Migrates $8.6T Transfer Agent Business to Blockchain, First Clients Include BlackRock and Baillie Gifford
According to CoinDesk, on July 29, BNY Mellon is migrating its core Transfer Agent (TA) business to blockchain to establish a single on-chain shareholder registry for approximately $8.6 trillion in assets and 7.6 million accounts, aiming to reduce intermediaries and reconciliation costs.
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GateNews·07-29 12:30
