BNY says it is launching blockchain-based digital transfer agency (TA) capabilities, aiming to bring transfer agency records onchain as part of a broader push to expand its digital asset infrastructure. Multiple outlets report that the bank unveils the platform as a way to modernize its TA services and respond to evolving client requirements.
BNY’s announcement describes the new capability as supporting a wider range of fund structures, including digitally native funds as well as traditional asset funds. The effort is framed as extending BNY’s existing transfer agency business rather than replacing it, with the blockchain component used to manage and maintain core financial records more digitally.
The reports also indicate the move is aligned with BNY’s wider technology strategy related to digital assets and infrastructure, suggesting the bank is investing in blockchain deployments to improve how records are stored and handled in financial services. Details beyond the platform scope and intended use for fund types are not specified in the provided coverage, and the accounts focus primarily on the platform’s launch and objectives.
