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Odaily reported that Tether today announced a joint initiative with the United Nations Office on Drugs and Crime (UNODC). UNODC is a global leader in combating illicit drugs, transnational organized crime, terrorism, and corruption. As the third fastest-growing region for cryptocurrency adoption worldwide, Africa is increasingly vulnerable to digital asset scams and fraud. In a recent operation conducted by Interpol in Africa, illegal cryptocurrencies and fiat currencies worth $260 million were seized, highlighting the urgent need for enhanced cybersecurity in Africa to combat cybercrime activities.

Foresight News reported, citing Bloomberg, that BNY Mellon has launched a tokenized deposit service, enabling clients to transfer funds via blockchain networks. These tokenized deposits represent the on-chain form of deposits held by BNY clients in their bank accounts, and can be used for collateral and margin trading, as well as enabling 24/7 operations to accelerate payment speeds. Institutions currently participating in this service include Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle.BNY currently manages or administers assets totaling $57.8 trillion, making it the latest global banking giant to deepen its involvement in the digital asset space, following JPMorgan and HSBC. ICE plans to support tokenized deposits in its clearinghouse to prepare for 24/7 trade settlement. In addition, the service supports programmable transactions, allowing for automatic fund transfers when predefined conditions—such as repayment of loan obligations—are met.

BlockBeats News, January 9th, according to Bloomberg, Bank of New York Mellon (BNY) has launched a tokenized deposit service that allows customers to transfer funds through a blockchain network. The tokenized deposit represents BNY customers' deposits in a bank account on the blockchain, which can be used for collateral and margin trading, and enables 24/7 operation to expedite payment settlement. Institutions currently participating in this service include Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle. BNY currently manages or administers $57.8 trillion in assets under management, making it another global major bank delving into the digital asset space after JPMorgan Chase and HSBC. ICE plans to support tokenized deposits in its clearinghouse to complement its 24-hour transaction settlement preparations. Furthermore, the service supports programmable transactions, allowing automatic fund transfers upon meeting predefined conditions (e.g., loan repayment obligations).