NOT FOR REPRINT
BNY Launches Tokenized Deposits in Digital Assets Expansion
By
Anna Irrera
News January 09, 2026 at 02:31 PM
Share & Print
What You Need To Know
- Digital cash could be used for collateral and margin transactions and to make payments faster, the bank said.
- JPMorgan Chase and HSBC are also looking to leverage the technology underpinning cryptocurrencies for more efficient payments.
- Unlike stablecoins, tokenized deposits are created within the existing banking system and can pay interest.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer