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BNY Mellon plans 24/7 settlement for conventional and tokenized U.S. Treasuries by 2027 after a successful after-hours test with Ripple's RLUSD and OpenEden's USDO stablecoin reserves. The bank will test tokenized Treasuries on a private blockchain by year-end and extend its settlement network to cover more Asian, European, and U.S. trading hours.
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