<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDEvMDE5YmEzOTUtNGEyNi03N2RjLTk5ZWEtZDgyYjcxNDY0NTQzLmpwZw==.jpg" alt="BNY launches tokenized deposits amid TradFi rush into blockchain and crypto"></p><p>The service is available for institutional clients through an in-house permissioned blockchain, BNY said on Friday.</p>