On October 15, 2025, The Bank of New York Mellon Corporation announced that it began executing trades using EquiLend’s 1Source distributed ledger technology (DLT). The platform eliminates manual reconciliation, reduces trade breaks, and increases operational efficiency for securities lending and financing transactions.
1Source is a DLT‑based solution developed by EquiLend with input from leading market participants. It establishes a single, golden source of truth for securities finance workflows, and is expected to save industry participants hundreds of millions of dollars each year.
The launch includes BNY and National Bank of Canada, with additional counterparties expected to join. A global broker dealer is set to begin live transactions on the platform soon, expanding its reach and reinforcing BNY’s position in post‑trade infrastructure.
This milestone underscores BNY’s commitment to innovation and risk mitigation, positioning the firm to enhance fee revenue streams and strengthen its competitive moat in securities services.
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