BNY Mellon’s Vince Says Blockchain Will Be Important for Markets

Blockchain will be important for markets and Bank of New York Mellon Corp. is focused on the technology as part of its digital-asset journey, Chief Executive Officer Robin Vince said.

Tokenization is one example of new assets that the lender will support to bring to the mainstream financial system, Vince told Bloomberg Television in an interview Tuesday in Davos, Switzerland, where he’s attending the World Economic Forum.

“When there are ways to take assets that have not been easy to handle as part of the financial system and make them more mainstream in their operations — tokenization is an example ...