According to Odaily Planet Daily, Bank of New York Mellon (BNY Mellon) executives stated during their recent earnings call on Thursday that the bank has brought forward several blockchain-related investments to 2025, including those supporting real-world asset settlement and tokenized payments. Executives attributed this accelerated pace to a more "positive" regulatory environment and improved market conditions. When asked whether BNY Mellon plans to issue its own stablecoin, CEO Robin Vince did not provide a definitive answer, but stated that the bank's strategy focuses on supporting the broader ecosystem rather than launching its own branded token.

A BNY Mellon-branded stablecoin could potentially serve institutional use cases, such as settling tokenized assets or facilitating intraday liquidity. But for now, the bank appears more focused on building flexible infrastructure than launching products. “We’re in the business of building infrastructure and enabling capital markets, and we work with stablecoins and support other stablecoins, and that’s really at the heart of our strategy,” Vince said on the call. Additionally, the company said it has reallocated approximately $500 million in cost savings this year to growth initiatives — including in digital assets and artificial intelligence. The efficiency gains were achieved through internal process optimization without significantly expanding the company’s expense base. (CoinDesk)