The U.S. Department of the Treasury has selected BNY Mellon and a financial technology company to implement the tax-deferred investment account plan under the 530A provision introduced by Trump. The plan is intended to establish government-subsidized savings accounts for children of U.S. citizens born after 2025, with an initial amount of $1,000 per account, invested in stock market index funds.

OpenEden launched a tokenized product, HYBOND, linked to BNY Investments’ global short-term high-yield bond strategy. It allows eligible investors to invest in a portfolio of short-term corporate bonds at a 1:1 ratio. This product brings high-yield credit instruments into the tokenized market, broadening investment choices and advancing on-chain fixed-income assets. The launch of HYBOND marks tokenization’s move into the actively managed bond space, giving investors new opportunities to earn returns.

BNY Mellon CEO Robin Vince stated at the Digital Asset Summit that the next phase of the crypto industry will depend on large financial institutions, emphasizing the importance of tokenization and digital asset custody. He pointed out that trust and regulation are key to development and mentioned the progress of relevant regulations. Morgan Stanley's Amy Oldenburg believes that banks' entry into the crypto space stems from mature infrastructure development, rather than hype.

As stablecoins expand, major global banks like Citigroup and BNY Mellon are accelerating deposit tokenization initiatives to address fund outflows and operational pressures. This model maps bank deposits as on-chain assets, enabling rapid settlement, which helps enhance liquidity while maintaining compliance. Despite transformation challenges in technology and regulation, deposit tokenization could drive the convergence of traditional finance and blockchain in the long term.

Odaily Planet Daily News: Singapore-based blockchain platform DigiFT announced the launch of the US Stock Yield Fund bEQTY on the Ethereum public blockchain, aiming to expand tokenization into the actively managed listed stock sector. The fund is primarily targeted at accredited investors, enabling investors to build more comprehensive, portfolio-related strategies on-chain. Bank of New York Mellon (BNY) serves as the investment management service provider. (Fundselectorasia)

January 22 News, at the 2026 Davos World Economic Forum held in Switzerland, Real-World Asset Tokenization (RWA) has become the most discussed topic in the crypto and fintech sectors. Unlike previous debates about "whether to go on-chain," this year's discussions have shifted to "how to scale and implement," with blockchain viewed as part of the financial infrastructure rather than an edge innovation. Several high-level roundtables at the forum focused on tokenization and stablecoins, with participants including Ripple's Brad Garlinghouse, Brian Armstrong from the largest compliant CEX in the US, and officials from the European Central Bank. Attendees generally believe that bringing stocks, bonds, funds, and real estate on-chain can enable partial ownership, improve liquidity, and reduce cross-border settlement costs, thereby promoting integration between traditional finance and decentralized finance. Major players such as BlackRock, BNY Mellon, and European clearinghouses have already deployed related products in practice.

Odaily Planet Daily News: The CEO of BNY Mellon stated that the Trump administration's pressure on the Federal Reserve is counterproductive. (Jin10)

BNY Mellon Launches Tokenized Deposit Service to Enable Clients to Transfer Funds via Blockchain, Enhancing Payment Speed. Participating Institutions include Intercontinental Exchange, Citadel Securities, and others.

Bank of New York Mellon launches tokenized deposit service, supporting fund transfers via blockchain network, enabling 24-hour operation and accelerating payment speed. Participating institutions include Intercontinental Exchange, Citadel Securities, and others. This move marks BNY's deepening involvement in the digital asset space, promoting programmable trading and collateral utilization.

PANews reported on December 10 that according to Cointelegraph, Michael Saylor, founder and executive chairman of Strategy, said that a number of large banks, including BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan Chase and Citigroup, have begun to issue credit with Bitcoin as collateral.