Deployments · platform by BNY

BNY tokenised depositsNew

BNY mirrors institutional clients' demand deposits as on-chain book entries on its own private, permissioned blockchain, starting with collateral and margin workflows, so cash can move outside banking hours. Client balances stay recorded on BNY's traditional systems. Launched in January 2026 as a live pilot; early participants named in coverage include Baillie Gifford, Circle, Citadel Securities, Galaxy, Ripple Prime, Invesco and WisdomTree. ICE said it was working with BNY towards using the deposits at its clearing houses.

Pilot since 9 Jan 2026^[1][2]i — Described as a first step and a live pilot with a limited group of institutions; no volumes published. · Reviewed 11d ago i

Assets

Bank deposit^[1]

On-chain mirror of clients' existing demand deposit claims on BNY

Networks

BNY private permissioned blockchain Private, permissioned^[1]

Use cases i

Collateral mobility^[1]CCP margin^[1]Treasury management^[1]

Jurisdictions

United States

Participants

• BNYPlatform provider, Operator, Issuer^[1]United States
• RippleClient or user^[1][2]United States
• Baillie GiffordClient or user^[2]United Kingdom
• CircleClient or user^[2]United States
• Citadel SecuritiesClient or user^[2][3]United States
• Galaxy DigitalClient or user^[2]United States
• InvescoClient or user^[2]United States
• WisdomTreeClient or user^[2]United States
• DRWClient or user^[3]United States
• Intercontinental ExchangeClient or user^[3][1]United States
• BNY's release also quotes Anchorage Digital, Digital Asset, DRW, ICE, Nodal Clear, Paxos, Securitize, StoneX, Talos and zerohash as clients or ecosystem participants working with it, without saying which already take part.^[1]

Assets

• IssuesBNY tokenised deposits^[1]

Timeline

1. Happened 9 Jan 2026 · Launch · recorded 14 Oct 2026
   BNY enables on-chain mirrored client deposit balances on its Digital Assets platform as the first step of its tokenised deposit strategy, beginning with collateral and margin workflows.^[1][2]

Sources i