BNY Mellon Launches Tokenized Deposit Services with $57.8 Trillion in Assets
- Blockchain Service Launch: BNY Mellon launched its tokenized deposit services on Friday, enabling institutional clients to transfer funds via blockchain, marking an innovative advancement in managing $57.8 trillion in assets.
- Real-Time Settlement Capability: The tokenized deposit service allows for near real-time settlement of collateral and margin transactions, not only enhancing transaction efficiency but also increasing client trust in the bank's services.
- Compliance and Security: Built on a private permissioned blockchain, the service integrates with existing systems while maintaining traditional record-keeping for regulatory compliance, demonstrating the bank's commitment to compliance in the digital asset space.
- Market Strategic Positioning: BNY Mellon's tokenized deposits are viewed as foundational infrastructure for broader securities tokenization, aiming to drive the digital transformation of financial products like stocks and bonds through alignment with regulatory frameworks.
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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 | 0.00385 | 0.0169 | 0.0278 | 0.0409 | 0.0518 | 0.0649 | 0.0758 |
| Fibonacci | 0.0169 | 0.026 | 0.0317 | 0.0409 | 0.05 | 0.0557 | 0.0649 |
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