BNY Mellon Tests Blockchain Payments for Faster Internal Settlements

Banking giant BNY Mellon is testing the waters with blockchain technology, launching a pilot program to modernize internal payments and streamline transactions. The initiative leverages private blockchain networks to expedite settlement speeds and potentially reduce costs, according to Bloomberg’s report from October 7th, 2025. This move comes as BNY Mellon seeks to improve its efficiency by leveraging technology similar to industry leaders like JPMorgan. )