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"We were quite siloed," Vince admitted. "Our clients wanted a more cohesive experience, and we're delivering that by blending capabilities across our platforms."
Embracing Digital Assets and Tokenization
Vince also discussed BNY Mellon's active participation in digital asset innovation, identifying it as one of the key mega trends. The firm is investing heavily in blockchain, tokenization, and stablecoin ecosystems, positioning itself as a key infrastructure provider.
The bank has launched partnerships, including working with on-chain money market funds, to facilitate on-chain financial assets. While regulatory challenges are evolving, Vince expressed optimism, noting that recent administration policies and SEC engagement are creating a more favorable environment.