BNY Mellon Plans 2027 Tokenized Treasury Settlement; Lido Fixes stETH Yield
BNY Mellon targets 2027 launch for 24/7 tokenized US Treasury settlement. Lido resolves stETH yield anomaly, confirming user funds remain secure amid regulatory shifts.
Woofun AI reports that BNY Mellon intends to introduce 24/7 tokenized US Treasury settlement services in 2027, leveraging its $62.6 trillion asset base.
Meanwhile, Lido addressed an abnormal stETH yield calculation by upgrading its oracle and fixing the issue, stating that user funds were not affected. Other developments include Bitwise CIO highlighting stablecoins and institutional DeFi as key bull run drivers, Coinbase CEO emphasizing Agentic Finance, and Aave Founder noting the CLARITY bill's final phase.
Additionally, Storj Labs filed for Chapter 11 bankruptcy while continuing operations, and the CFTC warned prediction market firms to provide more specific event contract details.
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