BNY is launching a blockchain-based transfer agency platform as the bank expands its digital asset infrastructure and moves core financial records onchain.
BNY, one of the world’s largest custodian banks, is taking a major step toward blockchain-based financial infrastructure by moving fund ownership records onchain.
The New York-based institution will launch a blockchain-based version of its transfer agency business, which manages fund ownership records and investor transactions, the Financial Times >reported Wednesday.
“We think of BNY as modernizing a function that sits behind every single fund transaction by bringing the books and records on-chain,” Carolyn Weinberg, BNY’s chief product and innovation officer, reportedly said.
The move follows BNY’s broader digital asset expansion, including its European regulatory progress under the EU’s Markets in Crypto-Assets (MiCA) framework, as the bank positions itself for the next phase of institutional blockchain adoption.
Transfer agents are financial service providers that maintain official records of who owns shares in investment funds. They handle tasks such as processing investor transactions, issuing and redeeming fund shares, updating ownership records and supporting communication between funds and investors.
These records form part of the behind-the-scenes infrastructure that allows investment funds to operate. Traditionally, ownership information is stored across multiple systems used by fund managers, custodians and other market participants, requiring frequent reconciliation.
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According to the report, BNY’s transfer agent services cover roughly $8.6 trillion in assets across 7.6 million accounts. The company, which oversees more than $59 trillion in assets under custody and administration, will reportedly maintain its traditional transfer agency operations alongside the new digital platform.
By moving transfer agency records onchain, BNY aims to create a shared source of information for market participants, reducing reliance on separate databases and manual reconciliation processes.
Early users of BNY’s digital transfer agency reportedly include Edinburgh, Scotland-based asset manager Baillie Gifford, which plans to use the platform for what it described as the first “fully native” United Kingdom-regulated tokenized fund. BlackRock and BNY Dreyfus money market fund and cash management business are also expected to use the service for upcoming tokenized funds.
The firm has roughly $261 billi
小靓分析：
🦊 **小靓解读**
全球最大托管银行 BNY 将基金所有权记录上链，意味着传统金融基础设施正式向区块链迁移，这不仅是技术试点，而是核心业务层的实质落地。
📊 **市场影响**
中短期利好 RWA（实物资产代币化）赛道和机构级公链生态，如以太坊和 Polygon。长期看，银行级资产上链将推动合规稳定币和代币化基金需求上升，提升加密市场流动性深度。
💡 **操作建议**
关注 RWA 相关代币（如 ONDO、MKR）和合规交易所代币的联动效应。建议轻仓布局，以低倍杠杆参与趋势，同时注意宏观利率政策对机构资金流入节奏的扰动。
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