BNY posts 12% revenue growth and 24% EPS jump in Q3
- —Revenue rose 12% year over year, landing at the top of analysts' range
- —EPS grew 24% versus the roughly 18% expected and the $2.26 consensus
- —On October 13–14 BNY and Citadel completed the first tokenized 2-year Treasury repo trade
- —BNY plans tokenized deposits, digital cash and extended trading hours for European and Asian clients in 2027
Why it matters: A top custody bank testing tokenized repo on a private ledger signals TradFi's shift toward blockchain-based settlement.
Source: Crypto Briefing