BNY

BNY will introduce crypto staking to its digital asset custody platform. This expansion aims to enhance services for managing digital assets.

Oil prices fell as diplomatic efforts to end the US-Iran war and reopen the Strait of Hormuz stalled. Analysts warned that shipping threats have increased, with Houthi strikes and uncertainty over Tehran's approval of Oman's temporary shipping plan delaying normal flows.

BNY is launching a blockchain-based transfer agency platform to expand its digital asset infrastructure and move core financial records onchain.

BNY is adopting blockchain technology for records, signaling a shift in Wall Street. Banks are increasingly embracing tokenized systems, merging traditional finance with the digital asset ecosystem.

BNY avoided tracking AI token usage metrics like 'tokenmaxxing,' instead focusing on building an internal AI platform and measuring outcomes such as code generation and operational efficiency. The bank reported measurable financial gains, including increased revenue and pre-tax income per employee, while prioritizing cultural adoption and AI proficiency training.

BNY plans to eliminate the weekend lag in U.S. Treasuries by implementing 24/7 financial rails. The initiative aims to address delays in treasury transactions occurring over weekends.

BNY and Circle have expanded their partnership to include mint and burn capabilities for USDC. BNY, the world's largest custodian bank, plans to add support for additional stablecoins via its Digital Asset Custody platform.

A coalition led by Chainguard, including companies like BNY, Cisco, and Cloudflare, is using AI to identify and patch vulnerabilities in open-source code. The group, Athena, has already processed 20,000 findings and developed 2,000 patches across 500 projects, warning of a 'messy summer' due to the scale of undiscovered flaws.

BNY observes that fear of missing out (FOMO) is driving asset managers to invest in tokenized funds. The trend highlights growing interest in tokenized assets within the financial sector.

Baillie Gifford, a TradFi fund manager, introduces a tokenized fund for Solana and Ethereum in partnership with BNY. The initiative marks a collaboration between a traditional finance entity and a major financial institution to offer crypto-related investment products.

A former Bank of New York executive has launched a new company called NUVA, which aims to revolutionize Wall Street through tokenization. The launch is a significant development in the financial sector, with potential implications for the industry. Tokenization is expected to play a key role in the remake of Wall Street.

BNY is expanding its crypto custody business to the UAE through partnerships with Finstreet and ADI Foundation. This expansion marks BNY's entry into the Middle Eastern market. The move aims to provide crypto custody services in Abu Dhabi.

BNY is partnering with Finstreet and ADI Foundation to offer Bitcoin and Ethereum custody services to investors in the UAE, specifically from the Abu Dhabi Global Market. This partnership aims to provide regulated custody solutions for digital assets. The move targets institutional clients in the region.

BNY, the world's largest custody bank, is expanding its crypto services in Abu Dhabi. This move marks a significant development in the bank's cryptocurrency offerings. The expansion is expected to strengthen BNY's presence in the region.

BNY, the world's largest custody bank, is expanding its crypto services in Abu Dhabi, marking a significant move into the cryptocurrency market. This expansion will allow BNY to provide more comprehensive financial services to its clients. The move is expected to strengthen BNY's position in the global financial sector.

FX risk is keeping opportunistic bond buyers local, according to BNY. This means that buyers are preferring to invest in bonds within their own country rather than taking on foreign exchange risk. As a result, local bond markets are seeing increased activity.

BNY advises the European Central Bank (ECB) against raising interest rates, suggesting it should avoid such measures. The recommendation highlights concerns about the potential economic impact of rate hikes.