📊 BNY Mellon Exploring Tokenized Deposits and Blockchain Payments 💠

🏦 October 7, 2025: The world’s largest custodian bank, BNY Mellon, is exploring the use of tokenized deposits and blockchain-based payments — a major step toward merging traditional finance with the digital asset era. 🏦🔗
A clear sign that the future of banking is on-chain.
📊 August 28, 2025: The US Department of Commerce has teamed up with Chainlink ($LINK) to bring government macroeconomic data on-chain. This partnership marks a bold step toward transparency and innovation in public data access. The Department proudly declares, "we are cementing our role as the blockchain capital of the world."
📈 August 27, 2025: The US Department of Commerce will start publishing economic data, beginning with GDP figures, on the blockchain, announced Commerce Secretary Howard Lutnick. This initiative aims to enhance transparency and secure distribution of government statistics using blockchain technology. Once fully implemented, other federal agencies are expected to adopt this approach as well. The move follows examples from other countries like Estonia, which has been using blockchain to secure public data since 2016.
January 25, 2025: Elon Musk, head of the newly established Department of Government Efficiency (DOGE), is reportedly investigating blockchain solutions to streamline federal operations.
According to Bloomberg, Musk and DOGE representatives have engaged with blockchain providers to explore potential applications, including tracking federal spending, managing government assets, and facilitating payments.
While talks remain in early stages, the initiative aims to cut federal spending and enhance data security.
Specific blockchain networks under consideration were not disclosed.
And so, the story unfolds, paving the way for new possibilities and unforeseen developments in the pursuit of innovation.
Stay tuned to this post as the story continues to evolve, bringing fresh insights and updates along the way.