BNY to Test Tokenized Treasuries on Private Blockchain Before Year-End

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BNY Mellon is planning to pilot tokenized U.S. Treasuries on a private blockchain before the end of this year. The initiative aims to eliminate settlement delays that currently occur during weekends and off-hours in Treasury markets. The bank also intends to expand its settlement network to accommodate a broader range of international trading hours. By leveraging blockchain technology, BNY seeks to move closer to round-the-clock financial infrastructure for U.S. government securities.

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