BNY Launches Global Digital Transfer Agency Capabilities to Support Tokenized Funds
BNY has launched its new Digital Transfer Agency (TA) capabilities, extending its leadership in fund servicing into the digital market. The service supports digitally native funds and integrates tokenization with traditional asset management across multiple jurisdictions and blockchains. This innovation allows for on-chain books and records of legal title and economic value from inception, offering a unified source of truth for fund activity. BNY's platform enables peer-to-peer mobility through fiat or stablecoin subscriptions and redemptions using mint/burn capabilities within its ecosystem. The service is part of BNY’s broader digital assets offering that includes custody, tokenized deposits, and infrastructure to support institutional adoption. Initial clients include Baillie Gifford with the launch of a U.K.-regulated tokenized fund and BlackRock planning to use these tools for a new share class.
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