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.
◆ ◆ 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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1 source · 30 Jul 2026
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