BNY Mellon is planning a 2027 launch for a 24/7 tokenized U.S. Treasury bond settlement service, targeting always-on settlement of one of the world’s most widely held safe-yield assets for institutional clients rather than retail investors. The initiative remains a plan, not a live product. BNY Mellon is aiming for a 2027 rollout of infrastructure that would settle tokenized U.S. Treasury bonds around the clock, according to reporting from Ledger Insights. For related coverage, see BNY Mellon Launches Tokenized Products in Strategic Shift.