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BNY launches digital transfer agency capabilities
29 July 2026 US
Image: InfiniteFlow/stock.adobe.com
BNY has launched its digital transfer agency (TA) capabilities, expanding the firm’s offering to support digitally native funds designed to provide a unified client servicing experience.
According to BNY, this TA addition modernises its fund servicing offering by facilitating both digital and TradFi asset funds in an end-to-end lifecycle across multiple jurisdictions and blockchains.
Full onchain asset and peer-to-peer movement will be supported through fiat and stablecoin subscriptions and redemptions, made possible by BNY’s new mint and burn capabilities.
With the introduction of its new TA capabilities, the firm has expanded its digital asset suite, which now spans custody, stablecoin enablement, tokenised deposits, and infrastructure to assist the institutional adoption of the asset class, all of which are connected to BNY’s underlying TA recordkeeping framework.
BNY says that the service will initially launch with eligible US and UK clients, with plans for broader expansion at a later date.
The company will also offer a digitally native money market fund from its Dreyfus subsidiary, with fund shares represented by BLIQUID tokens.
Regarding the TA’s introduction, Emily Portney, global head of asset servicing at BNY, says: “With this new capability, BNY is helping power the future of financial markets through digital market infrastructure with a global, scalable platform that integrates tokenisation, distribution, and custody.”
Carolyn Weinberg, chief product and innovation officer at BNY, comments: “As fund managers increasingly bring digital investment products to market, we’re excited to bring together the resilient framework they rely on with digital markets interoperability that makes asset servicing and mobility easier.”
Stephanie Pierce, deputy head of BNY Investments, adds: “Digital TA will further strengthen our ability to combine investment and servicing expertise to deliver digital asset solutions that simplify cash and liquidity management.”
Baillie Gifford has already utilised the platform to launch its Enhanced Yield Fund, while BlackRock is anticipated to use the BNY TA framework to debut its own tokenised share class, BSTBL.
According to BNY, this TA addition modernises its fund servicing offering by facilitating both digital and TradFi asset funds in an end-to-end lifecycle across multiple jurisdictions and blockchains.
Full onchain asset and peer-to-peer movement will be supported through fiat and stablecoin subscriptions and redemptions, made possible by BNY’s new mint and burn capabilities.
With the introduction of its new TA capabilities, the firm has expanded its digital asset suite, which now spans custody, stablecoin enablement, tokenised deposits, and infrastructure to assist the institutional adoption of the asset class, all of which are connected to BNY’s underlying TA recordkeeping framework.
BNY says that the service will initially launch with eligible US and UK clients, with plans for broader expansion at a later date.
The company will also offer a digitally native money market fund from its Dreyfus subsidiary, with fund shares represented by BLIQUID tokens.
Regarding the TA’s introduction, Emily Portney, global head of asset servicing at BNY, says: “With this new capability, BNY is helping power the future of financial markets through digital market infrastructure with a global, scalable platform that integrates tokenisation, distribution, and custody.”
Carolyn Weinberg, chief product and innovation officer at BNY, comments: “As fund managers increasingly bring digital investment products to market, we’re excited to bring together the resilient framework they rely on with digital markets interoperability that makes asset servicing and mobility easier.”
Stephanie Pierce, deputy head of BNY Investments, adds: “Digital TA will further strengthen our ability to combine investment and servicing expertise to deliver digital asset solutions that simplify cash and liquidity management.”
Baillie Gifford has already utilised the platform to launch its Enhanced Yield Fund, while BlackRock is anticipated to use the BNY TA framework to debut its own tokenised share class, BSTBL.
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