Financial giant BNY Mellon is venturing into the world of blockchain technology by exploring tokenized deposits. This move reflects a growing trend among Wall Street players as they shift their focus towards the crypto space and seek new ways to secure transactions. 50% of US banks’ clients are now interested in digital assets, according to a recent survey, demonstrating the mainstream acceptance of blockchain solutions. The innovative approach, first reported by Bloomberg, involves representing deposit balances held at BNY Mellon as digital tokens on a blockchain. This will allow clients to transact in token form while ensuring that the bank retains control over funds and adheres to traditional accounting practices. 50% of US banks’ clients are now interested in digital assets, according to a recent survey, highlighting increasing mainstream acceptance of blockchain technology.