It's BNY Mellon, the oldest bank in America!

And this is a suprize for the market tbh...the oldest bank in America goes on chain.

The world's largest custodian, holding $55.8 trillion in assets, is now exploring tokenized deposits, digital money that moves on blockchain rails.

A legacy system rewriting itself, before it gets replaced.

And here is the brutal truth:
Banks finally realized they can't compete with blockchain.

So now they're becoming it.
BNY Mellon's daily payment flow: $2.5 trillion.
Imagine that money moving instantly, 24/7, with no SWIFT delays, no correspondent banking fees, and no Monday morning bottlenecks.

That's monetary transformation.

What are tokenized deposits anyway?

They're bank-issued digital coins, each backed 1:1 by real commercial bank money.

1. Fully regulated.
2. Fully interoperable.
3. Settled instantly on blockchain.

Now add that to the mix with JPMorgan's JPMD, HSBC's pilot, and SWIFT's shared ledger prototype, and you start to see the picture:

Every major bank on Earth is preparing for the onchain era.
This is the point of no return for global finance.
BNY Mellon isn't chasing crypto.