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BNY Mellon Eyes $8.6 Trillion Transfer Market via Blockchain

Guavy AI Editorial Team
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BNY Mellon has set its sights on the $8.6 trillion transfer agency market by leveraging blockchain technology.

The banking giant plans to target this lucrative space with a new platform that will utilize distributed ledger systems, aiming to increase efficiency and reduce costs for its clients.

This move comes as BNY Mellon seeks to expand its presence in the digital asset sector, following its previous efforts to support institutional investors in cryptocurrency trading.

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