Bank of New York Mellon, together with iCapital, Nasdaq and S&P Global, announced a $50 million investment in Digital Asset, the developer of the Canton Network, on December 4 2025. The capital infusion gives BNY Mellon a stake in a platform that already hosts more than $6 trillion in on‑chain assets and is used by over 600 institutions for tokenized bonds, equities, money‑market funds, alternative investment funds, commodities, repos, mortgages, life insurance and annuities.
Digital Asset’s Canton Network is a public, permissionless Layer 1 blockchain that combines privacy, compliance and scalability. By joining the network, BNY Mellon can offer custody and settlement services for tokenized assets and capture fee income from a growing pool of institutional clients that demand real‑time, always‑on infrastructure.
BNY Mellon’s move builds on a series of earlier digital‑asset initiatives. The firm launched its U.S. Digital Asset Custody platform on October 11 2022, initially supporting Bitcoin and Ether. On July 23 2025, BNY Mellon partnered with Goldman Sachs to tokenize money‑market funds, further expanding its tokenization portfolio.
The investment reflects BNY Mellon’s strategic goal of reimagining a faster, more efficient future for financial market infrastructure. Brian Ruane, Head of Global Clearing, Credit Services & Corporate Trust, said the capital allocation “supports the shift of capital markets toward a real‑time, always‑on operating model” and strengthens the firm’s competitive moat in regulated blockchain solutions.
By securing a stake in Digital Asset, BNY Mellon positions itself to capture fee income from institutional clients seeking blockchain‑enabled infrastructure, while reinforcing its leadership in regulated, interoperable blockchain solutions for the financial industry. The move signals a continued commitment to expanding its digital‑asset capabilities and to capitalizing on the growing demand for tokenized financial products.
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