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Daofu Bank will launch a Tokenization Platform, aiming to develop tokenized funds and stablecoin products
BlockBeats News, January 15th, according to Bloomberg, BNY Mellon is launching a series of tokenized products. The bank will develop tokenized money market funds, Exchange-Traded Funds (ETFs), as well as cash products such as tokenized deposits and stablecoins. Joerg Ambrosius, BNY Mellon's Head of Investment Services, stated that the launch of a digital asset platform is a "significant step" in BNY Mellon's strategy.
BNY Mellon currently oversees $51.7 trillion in assets, has previously provided management and accounting services for crypto ETFs, and also collaborated with Galaxy Digital to create tokenized funds in December last year. They plan to consider offering custody services in the future based on regulatory developments.
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