Can BNY Mellon make money from Tokenization? — Market Mad House
BNY Mellon (NYSE: BK), or Bank of New York Mellon, is betting it can make money from tokenization.
In fact, BNY’s website and blog are touting tokenization as the next big thing in investments. Tellingly, Mellon’s blog states: “fundamentally, tokenization is the process of converting rights — or a unit of asset ownership — into a digital token on a blockchain.”
Interestingly, I do not think BNY Mellon is entering the traditional cryptocurrency market. Instead, Mellon hopes to make money by…