BNY Adds Blockchain Capabilities to Transfer Agency Business
Banking giant BNY is bringing blockchain technology to its transfer agency business. The bank on Wednesday (July 29) unveiled its digital transfer agency (TA) capabilities, designed to address a growing set of client needs by extending BNY’s TA services to support digitally native funds as well as traditional asset funds. “With this new capability, BNY is helping power the future of financial markets through digital market infrastructure with a global, scalable platform that integrates tokenizat