BNY Mellon has announced the appointment of Subhankar
Sinha as the head of its blockchain operations.
Based in New York, Sinha will focus on developing partnerships
with incubators, startups, accelerators and business partners to drive
enterprise innovation and build ecosystems for all BNY Mellon blockchain
initiatives. Before joining BNY Mellon, the recent focus of Sinha was on the
impact of blockchain and tokenization on lending and securitization.
Over the past several years, he had collaborated with
number of startups and large organizations where he developed blockchain use
cases and new revenue opportunities in asset management, Lending, Asset Servicing,
Reinsurance, Transaction Banking, Corporate Treasury and Logistics.
Roman Regelman, BNY Mellon senior EVP and head of
digital said: “Subhankar has proven himself both as a blockchain thought leader
and results-oriented tactician. His addition to our team will build upon
existing digital capabilities and help drive new and innovative client
solutions.” Sinha also has a deep expertise in technology, information and
governance domains working across number of industries on enterprise growth
In one of Morgan Stanley’s earlier research papers on the topic, it was found that BNY Mellon’s usage of blockchain technology is ahead of proof-of-concepts developed by other financial institutions. The report titled, Blockchain: Unchained, found that BNY Mellon’s blockchain-based platform for US treasury bond settlement- BDS360-has been “up and running internally” since 2016 and ahead of other projects discussed in the whitepaper.
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Credit: Blockchain News