BNY continued to advance its technology-driven transformation in 2025, with a focus on modernising financial infrastructure and expanding digital asset capabilities. Its initiatives reflected a broader emphasis on innovation, automation and strengthening controls across transaction banking services.
Tokenisation was at the centre of BNY’s innovation agenda. In July 2025, the bank launched a tokenised money market fund solution with Goldman Sachs. Institutional investors can subscribe to and redeem money market fund shares through BNY’s cash investment platform LiquidityDirect, with their ownership mirrored as tokens on Goldman Sachs’ blockchain platform GS DAP.
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