Singapore-based fintech firm OpenEden has appointed The Bank of New York Mellon Corporation as the investment manager and primary custodian for assets backing its tokenized U.S. Treasury fund. This mandate expands BNY Mellon's role in the digital asset ecosystem.
This appointment leverages BNY Mellon's expertise in managing and safeguarding financial assets, now applied to a tokenized fund structure. It highlights the growing institutional interest in tokenized real-world assets and BNY Mellon's capability to service these innovative products.
By securing this role, BNY Mellon continues to build its presence in the digital assets market, offering specialized services that bridge traditional financial infrastructure with new digital paradigms. This contributes to its fee-based revenue and reinforces its strategic focus on digital innovation.
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