Global financial services leader BNY has launched its Digital Transfer Agency (TA) capabilities, extending its enterprise fund servicing infrastructure to natively support digital asset funds alongside traditional investment vehicles across multiple jurisdictions and public blockchains. By integrating tokenization, distribution, and custody into an end-to-end framework, the service enables fully on-chain legal representation of fund records, facilitating peer-to-peer mobility alongside fiat and stablecoin subscriptions and redemptions. BNY’s integrated digital assets ecosystem which includes a newly introduced digitally-native Dreyfus money market fund featuring BLIQUID tokens will initially roll out to select enterprise clients across the U.S. and U.K. Contextualizing the platform’s role in advancing financial infrastructure, Emily Portney, Global Head of Asset Servicing at BNY, stated: “With this new capability, BNY is helping power the future of financial markets through digital market infrastructure with a global, scalable platform that integrates tokenization, distribution, and custody. We are excited to support clients as they expand into new asset classes, enabling true on-chain mobility of real-world assets, with legal representation of the fund’s books and records on a public blockchain.”
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Emphasizing the operational convergence of traditional trust and modern tokenization, Carolyn Weinberg, Chief Product and Innovation Officer at BNY, added: “Digital Transfer Agency capabilities represent the next evolution of fund servicing, combining the same operational rigor, transparency and trust of traditional services paired with the future of innovation in digital markets. As fund managers increasingly bring digital investment products to market, we’re excited to bring together the resilient framework they rely on with digital markets interoperability that makes asset servicing and mobility easier.” Highlighting liquidity optimization across institutional workflows, Stephanie Pierce, Deputy Head of BNY Investments, noted: “We are pleased to advance BNY’s ongoing efforts to bring together distinct capabilities into integrated, innovative solutions that address evolving client needs. Digital TA will further strengthen our ability to combine investment and servicing expertise to deliver digital asset solutions that simplify cash and liquidity management.”