BNY tokenizes the real Treasury, but still runs on a private ledger

Original author：Cẩm Nang Tiền Mã Hóa Việt Nam

Original source：https://www.youtube.com/embed/WHMDGhg6K7M

🔎 BNY tokenizes Treasury: real workflow, but coin inflows have not yet appeared automatically 0:00 BNY and Citadel run tokenized bond repo 0:34 Private ledger and tokenized swap on Canton 1:25 Interactive Brokers, Morgan Stanley, Ripple at different levels 2:20 Four types of adoption from live service to partnership 2:47 Does deployment create demand for native tokens 3:21 On-chain is infrastructure, not money in Treasury tokenized BNY coin shows that traditional finance has introduced tokenization into a practical workflow. But if you just see blockchain, big banks or tokens appearing in the headline and then infer that institutional money is pouring into coins, it is easy for investors to overread the signals. BNY tokenized the Treasury with Citadel Securities in a repo process using a tokenized representation of US Treasury bonds on BNY's private ledger. It is worth noting that assets can go from settlement to use as collateral in a short-term financing workflow, showing that tokenization has created value at the infrastructure level. However, private ledger does not mean the public blockchain has won, and tokenized assets do not automatically prove that the entire payment process has reached the final settlement. The video also differentiates the different levels of implementation in the headlines about Canton, Interactive Brokers, Morgan Stanley, Ripple, Privy and XRP Ledger: some services are live, some products are still on the roadmap, some have infrastructure capabilities and some new partnerships are in the research stage. The important point for crypto watchers is not only to ask "who is using blockchain", but also to see whether the original token is actually in the economic transmission line: whether it is required to be used, whether there is repeated demand, and whether the actual scale is large enough or not. Watch the video to see how to separate infrastructure adoption, deployment status, and native token demand generation before interpreting a headline into a cash flow signal. 👉 Join the Community: 1️⃣ Telegram Community Group: https://t.me/tienmahoavietnamvn The content in the video is for reference only, not investment advice. ✅ Subscribe to the channel to watch more useful videos: 👉 https://www.youtube.com/@camnangtienmahoavietnam?sub_confirmation=1 #BNY #Tokenization #Treasury #TradFi #CryptoNews #Ethereum #XRP #Blockchain