Bank of New York Mellon Corp. is exploring tokenized deposits to allow customers to make payments using blockchain, as major banks around the world ramp up the use of the technology behind digital assets to transfer funds.
The project is part of the bank’s broader work to modernize infrastructure, which includes increasing real-time, instant and cross-border payments, Carl Slabickiexecutive owner of the platform for treasury services at BNY, said in an interview.
