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Blockchain Connects Conventional and Onchain Finance as BNY and WisdomTree Introduce Tokenized Asset Platform

Blockchain Connects Conventional and Onchain Finance as BNY and WisdomTree Introduce Tokenized Asset Platform

Bitget-RWA2025/10/29 02:52
By: Bitget-RWA
- WisdomTree partners with BNY Mellon to integrate blockchain into its digital asset platform, enabling tokenized real-world assets (RWAs) and stablecoin conversions. - The collaboration marks BNY's first retail BaaS client, offering onchain users access to tokenized gold, funds, and cross-asset blockchain transfers via USDC/PYUSD onramps. - BNY leverages its custodial expertise and $57.8T AUM to bridge traditional banking with blockchain, supporting WisdomTree's $600M tokenized fund and Ripple stablecoin

WisdomTree Inc. (NYSE: WT) has joined forces with The Bank of New York Mellon Corporation (NYSE: BK) to incorporate blockchain-powered banking solutions into its digital asset platform, representing a notable advancement in blending conventional finance with decentralized technologies. Through this alliance,

becomes BNY's inaugural retail client for digital asset banking-as-a-service (BaaS), granting users of streamlined access to tokenized real-world assets (RWAs) and stablecoin transactions. This partnership highlights increasing institutional trust in blockchain as a core element of today’s financial infrastructure, with BNY utilizing its longstanding credibility to connect legacy banking with onchain advancements, according to .

With these new features, WisdomTree Prime now lets crypto-focused users stay onchain while tapping into a broad selection of tokenized RWAs, such as digital investment funds and onchain gold. Leveraging BNY’s infrastructure, the platform now offers both onramp and offramp capabilities, linking users to traditional banking through stablecoins like

and PYUSD, as reported by . This development is part of a wider trend toward asset tokenization, with WisdomTree’s tokenized money market fund (WTGXX) already surpassing $600 million in market cap, according to . BNY’s ongoing roles as custodian and administrator for WisdomTree, including its USDW stablecoin, further reinforce the strategic fit between the two firms, as noted by .

Blockchain Connects Conventional and Onchain Finance as BNY and WisdomTree Introduce Tokenized Asset Platform image 0

Jennifer Barker, BNY’s global head of treasury services, reiterated the company’s dedication to bridging digital and traditional finance. “Our collaboration with WisdomTree demonstrates how BNY’s robust infrastructure and proven reliability can drive the evolution of financial services,” she commented, in

. The partnership fits with BNY’s broader strategy of using blockchain as a backbone for continuous, round-the-clock financial operations, as described by Chief Product and Innovation Officer Carolyn Weinberg in . She pointed out that distributed ledger technology can simplify real-time settlements and boost efficiency in collateral and securities lending.

For WisdomTree, this alliance accelerates its goal to make tokenized assets more accessible. “Stablecoins and tokenized assets are creating innovative experiences for users across various financial applications,” said Will Peck, WisdomTree’s head of digital assets. The platform now enables cross-asset blockchain transfers, allowing institutional clients on WisdomTree Connect to utilize established payment systems for treasury management, as reported by The Globe and Mail. With $139.2 billion in assets managed globally, WisdomTree’s push into tokenized RWAs underscores its leadership in digital transformation.

This partnership also emphasizes BNY’s expanding role in the stablecoin market. As the custodian for USDW reserves and a collaborator in Ripple’s stablecoin projects, BNY’s compliance expertise and operational scale help address key obstacles to mainstream adoption, according to Ledger Insights. This initiative is in line with the company’s $57.8 trillion in assets under custody and its commitment to AI-driven enhancements for the future of finance, as discussed in American Banker.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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