BNY Mellon Eyes 24/7 Real-Time Settlement of US Treasuries by 2026
The custodian bank plans to extend T+1 to round-the-clock settlement, leveraging blockchain and tokenization to reshape sovereign bond back-office operations.
Custodian bank BNY Mellon announced this week its ambition to enable around-the-clock real-time settlement of U.S. Treasuries by 2026, covering weekends and holidays. The bank aims to complete technology deployment and secure regulatory approvals within the next year, working closely with regulators and market infrastructure providers to expand the current T+1 settlement window to a 7×24 model. BNY Mellon currently holds over $50 trillion in assets under custody.
The plan reflects the bank’s expectation that blockchain and tokenized securities will fundamentally transform sovereign bond back-office processes. If core collateral such as Treasuries moves to 7×24 settlement, the entire clearing ecosystem—from repo markets to derivatives margin—will be forced to reevaluate the rhythm of pre-settlement credit and liquidity management. Moreover, it could provide a faster underlying channel for interoperability between stablecoins and tokenized Treasuries.
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-07-24
- Last updated
- 2026-08-01
- Source material
- Source not labeled
