Svmuu News: Bank of New York Mellon (BNY) has launched a tokenized deposit service that enables clients to transfer funds via blockchain networks. These tokenized deposits represent the on-chain representation of BNY clients’ bank account balances and can be used as collateral and for margin trading, while also enabling 24/7 operations to accelerate payment speeds.Institutions currently participating in the service include the Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, andCircle. (Bloomberg)