[Bank of New York Mellon Plans to Advance 24/7 Settlement for U.S. Treasuries, Tokenized Products May Pilot by Year-End] According to Bloomberg, the Bank of New York Mellon is building infrastructure for 24/7 settlement of U.S. Treasuries. Earlier this year, the bank facilitated an after-hours Treasury transaction involving a stablecoin issuer and plans to launch a pilot for tokenized U.S. Treasuries by the end of 2026, aiming to support 24/7 settlement for both traditional and tokenized U.S. Treasuries by 2027.