Post by Augustine Chiagozie (@pabloexchange)

🚀 BNY Brings $8.6 Trillion Fund Market Onchain

BNY, the world's largest custodian bank, is launching a blockchain-enabled digital transfer agency platform for institutional clients, targeting the $8.6 trillion transfer agency market.

The platform will add a digital ownership record for tokenized funds onchain while keeping BNY's existing transfer agency system in place. The move expands the New York-based bank's broader blockchain strategy into institutional fund recordkeeping.

Transfer agencies manage shareholder records for investment funds — a critical but largely back-office function that BNY is now looking to modernize through tokenization infrastructure.

🚀 BNY Brings $8.6 Trillion Fund Market Onchain BNY, the world's largest custodian bank, is launchi...

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