A detail worth noting — Bank of New York Mellon has recently launched a tokenized deposit service. Sounds unfamiliar? Simply put, institutional clients can now convert their cash into digital tokens and operate on a private blockchain.

Major players in cryptocurrencies like Ripple and Circle are also involved, with a clear goal: to accelerate the speed of cash transfers. This is not just a lofty promise; the logic behind it is solid.

Caroline Winberg, Chief Product and Innovation Officer of the bank, mentioned key points in a statement: "Tokenized deposits give us the opportunity to extend trusted bank deposits into digital channels. Customers can process collateral, margin, and payments faster within a framework designed for scale, resilience, and regulatory consistency."

You might ask — what problem does this really solve? Under traditional banking systems, complex transactions like margin management and collateral transfers often get stuck due to settlement delays. The demand for 24/7 trading is evident, but banks close outside business hours. Tokenized deposits, by enabling round-the-clock settlement, directly address this pain point.

Institutional investors have an urgent need — either to transfer assets quickly to seize market opportunities or to respond to margin calls at any time. This "always online" operational mode is becoming the new norm in financial markets. The launch of tokenized deposits is a significant step forward from traditional finance in this direction.