Core Insights - Bank of New York Mellon (BK) is testing tokenized deposits to modernize its global payment infrastructure and adapt to the shift towards blockchain-based finance [1][2] - The initiative aims to enable clients to make payments using tokenized deposits, facilitating near-instant settlement and potentially lowering transaction costs [2][3] - BNY Mellon currently processes approximately $2.5 trillion in payments daily [3] Company Developments - Carl Slabicki from BNY Mellon stated that the new technology could help banks overcome legacy constraints, allowing for faster money movement within networks and across the financial system [4] - BNY Mellon is part of a trend among major banks exploring tokenized funds, with JPMorgan and other European banks also engaging in similar initiatives [4] - Over the summer, BNY Mellon collaborated with Goldman Sachs to launch tokenized money market funds for clients [5] - CEO Robin Vince has indicated that BNY Mellon will not pursue crypto deposits as aggressively as some competitors [5]

🚨 BIG: $55.8T BNY Mellon is exploring tokenized deposits and blockchain-based payments, per Bloomberg. https://t.co/9yjHvIQCn1 ...

BREAKING: 🇺🇸 THE WORLD’S LARGEST CUSTODIAN BANK, BNY MELLON, IS EXPLORING TOKENIZED DEPOSITS AND BLOCKCHAIN-BASED PAYMENTS.BULLISH 🚀 ...

🚨JUST IN: BNY MELLON, THE WORLD’S LARGEST CUSTODIAN BANK, IS EXPLORING TOKENIZED DEPOSITS AND BLOCKCHAIN-BASED PAYMENTS ~ WATCHERGURU ...

Industry Trend - The world's largest custodian bank, BNY Mellon, is exploring tokenized deposits and blockchain payments [1]

Bank of New York Mellon Corp. is exploring tokenized deposits to enable clients to make payments using blockchain, as major banks across the world step up use of the technology underpinning digital assets to transfer funds https://t.co/VTk1pDlsP3 ...

Core Points - Canadian Banc Corp. has completed the overnight marketing of Preferred Shares, expecting total gross proceeds of approximately $62.7 million [1][2] - The offering is led by National Bank Financial Inc. and is expected to close on or about October 9, 2025, subject to TSX approval [2] - The Preferred Shares are priced at $10.45 each, yielding 6.2%, with the closing price on October 1, 2025, at $10.50 [2] - Net proceeds will be invested in a portfolio primarily consisting of six publicly traded Canadian banks [2] Investment Objectives - The Preferred Shares will provide cumulative preferential floating rate monthly cash dividends at a rate equal to the prevailing Canadian prime rate plus 1.50%, with a minimum annual rate of 5.0% and a maximum annual rate of 8.0% based on the original $10 issue price [3] - On or about the termination date, currently set for December 1, 2028, the company will pay holders the original $10 issue price of those shares, subject to further extensions [3]

Group 1 - The Company is offering Preferred Shares at a price of $10.45 per share, yielding 6.2% [2][3] - The sales period for the offering ends at 9:00 a.m. EST on October 2, 2025, with expected closing around October 9, 2025, subject to TSX approval [1] - The Company has declared 242 consecutive dividends for the Preferred Shares, totaling $11.38 per share in aggregate dividends [2] Group 2 - The net proceeds from the offering will be invested in a portfolio primarily consisting of six publicly traded Canadian banks [3] - The DBRS rating for the Preferred Shares is Pfd-3 (low) as of November 13, 2024 [3] - The Company aims to provide cumulative preferential floating rate monthly cash dividends based on the Canadian prime rate, with a minimum of 5.0% and a maximum of 8.0% [4]

linea runs production tests with jpmorgan, bnp paribas, bny mellon, hsbc and santander for swift's blockchain settlement system. consensys built the infrastructure that replaces $150b in annual settlement delays. trades at same fdv as scroll despite being chosen for global banking rails. ...

Core Insights - BNY Mellon is upgrading its AI platform, Eliza, to enhance employee efficiency and client response times [1][4] - The bank's CEO emphasized that AI is viewed as a capacity generator, with 98% of employees trained on generative AI [2] - BNY Mellon ranks 14th in AI adoption among the top 50 banks, with a significant push to improve its standing [3] Company Developments - The new version of Eliza will enable employees to access data from various sources, including live market data, to improve client service [4] - The upgrade aims to reduce the time needed for developing client briefings from hours to minutes [5] - Employees are already utilizing Eliza for various tasks, such as reconciling transactions and writing code, highlighting the critical nature of AI fluency [8] Industry Context - The banking industry is increasingly adopting AI, with all top 50 banks referencing AI in investor relations documents [3] - However, only six of the tracked banks reported a financial impact from AI, raising questions about the transformation of core banking functions [6] - BNY Mellon employs a "walled garden" approach for training its AI systems while also integrating external models [7]