Bullish
BNY Launches Blockchain Transfer Agency for Tokenized Funds
2026-07-29 18:11:22
BNY integrates blockchain into core records to support Baillie Gifford's UK tokenized fund and future BlackRock issuances, targeting $8.6T in assets.
Woofun AI reports that BNY is integrating blockchain technology into its core record-keeping system via a new digital transfer agency service. This platform processes transactions and maintains ownership records, enabling Baillie Gifford to launch the first fully native UK-regulated tokenized fund. BlackRock and Dreyfus are also expected to utilize this service for upcoming fund launches. BNY oversees over $59 trillion in assets, with its transfer agency managing approximately $8.6 trillion across 7.6 million accounts.
WOOFUN AI
Impact Assessment · Quick Read
The integration of blockchain into BNY's core infrastructure marks a significant shift from experimental pilots to production-grade asset servicing. By enabling major players like Baillie Gifford and BlackRock to issue tokenized funds, this move could accelerate institutional adoption of digital assets. The scale of assets under management suggests substantial liquidity may flow into tokenized structures if regulatory frameworks remain supportive.
Generated by WOOFUN AI · For reference only, not investment advice
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