2026-01-10 12:27:49

Recently, there has been an interesting development—Bank of New York Mellon (BNY) officially announced the launch of a tokenized deposit service. In simple terms, it allows clients' deposits in bank accounts to be transferred directly via blockchain, truly enabling on-chain asset circulation.

The logic behind this service is quite clear. Tokenized deposits are essentially a blockchain mapping of bank deposits, allowing customers to use them as collateral, for margin trading, and most importantly—operating 24/7. Compared to traditional banking hours, this means a qualitative leap in payment and settlement speeds.

Who are the main players involved? Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle. What does this lineup indicate? It shows that major institutions are really starting to take this seriously. ICE even plans to support tokenized deposits within its clearinghouse to prepare for 24-hour trading and settlement—this is not just talk; it’s about real implementation.

In terms of scale, BNY currently manages or oversees assets totaling $57.8 trillion. What does this mean? It marks another major global financial institution, after JPMorgan and HSBC, officially entering the digital asset space. This is not a test; it’s a strategic layout.

Another detail worth noting is that this service supports programmable transactions. In other words, fund transfers can be set to trigger automatically under certain conditions, such as automatically transferring funds to repay a loan. This level of automation is hard to imagine in traditional finance, but it’s already standard thinking in the blockchain ecosystem.

Overall, this is a microcosm of the integration between traditional finance and digital assets. It’s not just hype; it’s genuine product innovation.

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FreeMinter

· 01-11 11:28

Damn, BNY is really serious this time, this is not a false alarm --- The lineup of institutions... ICE, Citadel, Circle, it seems big money truly trusts this --- 57.8 trillion, if it really goes on-chain, traditional finance will tremble --- Programmable trading is the real deal, automatic settlement is something banks wouldn't even dare to imagine --- 24/7 nonstop, this is what blockchain should do, finally seeing it come to fruition --- After JPMorgan and HSBC, another one joins in, the financial circle should wake up --- But to be fair, the real test is still ahead, whether it can really be used is the key --- This is what we've been waiting for, the leap from concept to product --- ICE supporting this in their clearinghouse means they are truly reforming the settlement process --- Damn, finally traditional finance is taking this seriously

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MetaverseLandlord

· 01-10 19:08

The generated comments are as follows: 1. BNY's move is brilliant; the $57.8 trillion market cap is directly on the chain. This time, it's truly different. 2. 24-hour settlement? This is the kind of awareness traditional finance should have, albeit a bit late. 3. ICE and Citadel are stepping in directly, indicating that the game rules are about to change. 4. Programmable trading is the real core—automatic loan liquidation... This is a revolution in financial processes. 5. JPMorgan, HSBC, and BNY are entering one after another; no one dares to fall behind anymore. 6. Brothers, this is genuine integration, not just hype; real product-level actions. 7. Blockchain thinking is a dimensionality reduction attack on traditional finance. 8. Tokenized deposits worth $57.8 trillion, with an enormous potential for imagination. 9. Can't say much about others, but ICE's clearinghouse will support 24-hour trading—that's a revolutionary signal. 10. Major institutions are coming one after another; is the era of retail investors truly over?

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ponzi_poet

· 01-10 12:55

Oh no, BNY is also starting to play this game. With a scale of 57.8 trillion USD, they are working on tokenized deposits. This is clearly about disrupting the market. Look at this lineup: ICE, Citadel, Circle... truly big players gathering. The power of 24-hour settlement probably only now is traditional finance realizing it. Programmable trading has some real potential—automatic execution of transfer conditions... If some people exploit this, what can we do? But honestly, it feels like this time they are really going to make a move, not just talk. This time, it looks a bit more credible. Finally, there is a real product on the ground.

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just_another_wallet

· 01-10 12:50

Damn, it's really happening this time. The big banks are no longer pretending. BNY's move, with a volume of 57.8 trillion USD directly entering the market, this is the signal we've been waiting for. 24-hour settlement? I finally can break free from the constraints of bank working hours. Programmable trading is a game-changer, with automatic execution conditions... traditional finance can't keep up. ICE, Citadel, and these giants are all stepping in at the same time, indicating that the game rules are about to be rewritten. No hype, no hype, this time it's not just hype, it's a serious product.

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GasFeePhobia

· 01-10 12:35

Damn, BNY is really about to get serious. With an entry volume of $57.8 trillion, this is no longer just talk. Traditional finance is truly starting to merge. The part about programmable trading is well said; automated execution is indeed much more enjoyable than traditional banking. ICE, Citadel, and these institutions are all in, indicating that this thing is really going to become infrastructure. 24-hour nonstop settlement? The People's Bank of China should take a look—this is real efficiency. But honestly, whether it can truly be implemented depends on subsequent regulation. Too many good visions die at this step.

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