BNY Mellon introduced a tokenized credit fund on the Ethereum blockchain, partnering with Securitize to offer investors exposure to collateralized loan obligations.
The launch includes a $100 million anchor investment from Grove, an on‑chain capital allocator within the Sky ecosystem, underscoring institutional interest and bridging DeFi and TradFi.
The fund leverages BNY Mellon’s custody capabilities and Securitize’s tokenization platform, enabling fractional ownership and faster settlement of credit instruments.
BNY Mellon’s Q3 2025 financial results show revenue of $5.08 billion and adjusted EPS of $1.91, a year‑over‑year increase from $5.00 billion and $1.52 in Q3 2024, demonstrating the company’s strong financial foundation for new technology investments.
Management highlighted the strategic importance of tokenization for expanding fee‑generating revenue streams and improving liquidity and transparency in the CLO market, which exceeds $1.3 trillion in global issuance.
Securitize, which plans a SPAC merger with Cantor Fitzgerald valuing the company at $1.25 billion, brings industry‑leading infrastructure to the partnership, reinforcing the growing role of tokenization platforms in mainstream finance.
The launch aligns with BNY Mellon’s broader digital‑asset strategy, positioning the firm as a key player in fintech and enabling it to capture new fee‑generating opportunities while leveraging its custodial expertise.
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