BNY Mellon Launches Tokenized Deposit Service on Blockchain, Enhancing Payment Efficiency
- Service Innovation: BNY Mellon has launched a tokenized deposit service on its Digital Assets platform, leveraging blockchain technology to accelerate payment processes, significantly enhancing speed and efficiency in institutional financial transactions and solidifying its leadership in digital finance transformation.
- Industry Collaboration: Notable participants in this service include Intercontinental Exchange and Citadel Securities, indicating BNY Mellon's collaboration with major industry players to achieve greater settlement efficiency and liquidity through tokenized deposits.
- 24/7 Operations: The new service supports around-the-clock operations, improving payment speeds to meet the demands for faster trade settlements, thereby helping major financial institutions maintain competitiveness in a rapidly evolving market environment.
- Market Trend: The launch of tokenized deposits reflects a global banking shift towards digital assets, with BNY Mellon committed to innovating and defining how cash moves across the modern financial system, enhancing capital efficiency and liquidity management.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00387 | 0.0169 | 0.0279 | 0.0409 | 0.0519 | 0.0649 | 0.0759 |
| Fibonacci | 0.0169 | 0.0261 | 0.0317 | 0.0409 | 0.0501 | 0.0557 | 0.0649 |
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