Wire · technology
BNY unveils DLT-based transfer agency service
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Fusion42 · 30 July 2026 · Fusion42 review
BNY Mellon has launched a new Digital Transfer Agent service to directly support and service digitally native fund tokens issued on blockchains. The service, co-designed with Baillie Gifford, is set to be adopted by major players like BlackRock for its tokenized money market funds.
This Wire brief sits within Fusion42's coverage of Banking Infrastructure. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.
◆ ◆ The Wire takeaway
The plumbing for tokenized assets is now being built by the plumbing giants. If you're building a DLT transfer agent, your competitor just became the bank that services $8.6 trillion in assets.
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