BNY Mellon said it plans to begin pilot trades for tokenized US Treasuries on its private blockchain by the end of this year, with a full tokenized Treasury product targeted by the end of 2026. The bank said its longer-term goal is to enable 24/7 settlement for both traditional and tokenized US Treasuries in 2027. Earlier this year, BNY Mellon also facilitated after-hours US Treasury trades involving stablecoin issuers tied to Ripple and OpenEden. The update outlines the bank’s timeline for bringing tokenized Treasury activity onto its own blockchain infrastructure while linking that effort to round-the-clock settlement for the asset class.
BNY Mellon said it plans to launch pilot trades for tokenized US Treasuries on its private blockchain by the end of this year, and aims to roll out tokenized Treasuries by the end of 2026.
The bank said it is targeting 24/7 settlement for both traditional and tokenized US Treasuries in 2027. Earlier this year, BNY Mellon also facilitated after-hours US Treasury trades involving stablecoin issuers related to Ripple and OpenEden.
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