BNY explains how depositary receipts expand global market access
The article highlights $6.6 trillion in DR value traded, Canada opening as a new market, and GDN expansions into corporate debt and new sovereigns.
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In short: BNY expanded digital asset services via a Galaxy partnership and integrated AI into its operations as its CEO joined OpenAI's board.
The article highlights $6.6 trillion in DR value traded, Canada opening as a new market, and GDN expansions into corporate debt and new sovereigns.
The service supports digitally native funds across multiple jurisdictions and blockchains, with initial clients including BNY Investments, Baillie Gifford, and BlackRock.
The offering comprises 500,000 depositary shares at $1,000 each, with a 6.150% dividend rate until 2031, then floating.
The organization distributes an earnings press release, investor presentation, and comprehensive financial supplements detailing recent performance metrics.
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