BNY Mellon | Crypto

Securitize and BNY Mellon are bringing AAA-rated collateralized loan obligations onchain, with Grove planning a $100M anchor as institutional demand for tokenized assets grows. Securitize, a real-world asset tokenization platform, has unveiled a tokenized fund designed to give investors access to AAA-rated collateralized loan obligations onchain. The fund is being developed in partnership with global investment bank BNY Mellon. According to Wednesday’s announcement, BNY will safeguard the fund’s underlying assets, while a subsidiary of the bank will manage the fund’s portfolio. With global collateralized loan obligation issuance topping $1.3 trillion, Securitize and BNY aim to bring AAA-rated floating-rate credit onchain, the company said. Read more

BNY Mellon will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance. Real-world asset (RWA) tokenization platform OpenEden partnered with The Bank of New York Mellon Corporation (BNY Mellon) to manage and custody the underlying assets of its flagship tokenized US Treasury product, TBILL.  OpenEden announced the partnership Wednesday, bringing one of Wall Street’s largest and oldest custodians into the growing market for tokenized Treasurys. OpenEden said TBILL is the first tokenized US Treasury fund with a Moody’s “A” rating to have its assets managed by a global custodian.  Read more