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BNY unveils DLT-based transfer agency service

Published

30 July 2026

Topic

technology

Sectors

Banking Infrastructure

Source

Read at ledgerinsights.com

Verified

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.

Coverage

1 source · 30 Jul 2026

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Topics

Banking Infrastructuretokenizationrwadltasset-managementbny-mellon