BNY launches tokenized deposits as institutional adoption deepens
BNY has launched its tokenized deposit offering, enhancing its presence in the digital assets space amid Wall Street's growing interest. This initiative, announced on January 9, 2026, aims to provide institutions with faster, more efficient asset movement through blockchain technology. Key early adopters include ICE, Citadel Securities, and Circle. BNY's efforts align with the trend towards an always-on financial system, supporting stablecoins and aiming to unlock liquidity for clients. The stablecoin market is projected to exceed $1.5 trillion by 2030, reflecting significant growth in the digital asset ecosystem.