BNY Taps Blockchain for $8.6 Trillion Transfer Agency Market
Bank of New York (BNY) is targeting the $8.6 trillion transfer agency market by leveraging blockchain technology.
The world's largest custodian will maintain its existing system while adding a digital ownership record for tokenized funds.
This move aims to tap into the growing demand for more efficient and secure financial transactions, particularly in the realm of cryptocurrency and tokenization.