BNY plans 24/7 tokenized Treasury settlement by 2027
The world's largest custody bank is using stablecoin reserve flows as the wedge to break Treasury settlement out of its weekday-only window, with tokenized Treasuries on a private chain next.
Every Zipp story tagged #StablecoinReserves, newest first.
The world's largest custody bank is using stablecoin reserve flows as the wedge to break Treasury settlement out of its weekday-only window, with tokenized Treasuries on a private chain next.
The OCC approval lets the $USDC issuer hold its own reserves and offer digital-asset custody, but bars ordinary deposits and lending.
With the stablecoin market at $320B and projected to hit $4T by 2030, Fidelity and State Street are racing to capture the reserve-management mandate the GENIUS Act just created.