State Street and BNY court tokenized Treasury pilots with two asset managers
The collateral is familiar. The ledger is the experiment.
Priya NairFinance Reporter
Stacks of coins beside a growing plant
Both custody banks are running limited pilots that move Treasury entitlement on an internal chain during New York hours, with the cash still living in the same accounts the SEC already knows.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.