BNY Mellon announced plans to enhance its stablecoin infrastructure, focusing on supporting the ecosystem rather than launching its own token. CEO Robin Vince emphasized the company's strategy to facilitate tokenized asset settlement and institutional liquidity management. In 2025, BNY Mellon has increased blockchain investments, including systems for real-world asset settlement and tokenized payments, driven by favorable regulatory and market conditions.
The financial giant has been providing custody and settlement services for various stablecoin issuers and aims to bolster its backend infrastructure. BNY Mellon plans to reinvest approximately $500 million in cost savings into digital assets and AI projects, underscoring its commitment to advancing in the digital finance space.
BNY Mellon Prioritizes Stablecoin Infrastructure Over Launching Own Token
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