Overview
- BNY’s live capability creates 1:1 on-chain book entries that mirror client deposits on a private, permissioned blockchain.
- Legal balances continue to be recorded on traditional ledgers to maintain regulatory reporting and audit integrity.
- The first production workflows focus on collateral and margin to enable programmable, near‑real‑time cash movement and 24/7 operations.
- Early participants include Intercontinental Exchange, Citadel Securities, DRW, Ripple Prime, Circle, Baillie Gifford, Anchorage Digital, Galaxy, WisdomTree, Zero Hash and Invesco, with ICE preparing use across its clearinghouses.
- Industry reporting indicates the platform is being built for interoperability with stablecoin rails such as USDC and XRP‑linked systems as banks expand always‑on settlement networks.