According to @AltcoinDaily, BNY Mellon CEO Robin Vince called tokenization a megatrend, signaling sustained institutional focus on on-chain real-world assets and digital securities. source: @AltcoinDaily post on X dated Nov 22, 2025; source: BNY Mellon leadership page BNY Mellon already offers digital asset custody for BTC and ETH, indicating operational readiness to service tokenized assets alongside crypto, a potential catalyst for institutional liquidity and custody-driven flows. source: BNY Mellon press release dated Oct 11, 2022 Institutional tokenization is concentrating on Ethereum, with BlackRock launching the BUIDL tokenized fund on ETH in 2024, making ETH a key rail to watch for fee revenue, liquidity depth, and staking demand. source: BlackRock press release dated Mar 2024 Growth in tokenized Treasuries and RWAs across Ethereum and Solana highlights infrastructure chains and RWA tokens as beneficiaries if large custodians deepen participation. source: rwa.xyz tokenized treasuries dashboard 2024; source: Ondo Finance announcement in 2024 on USDY expansion to Solana Traders should monitor bank partnerships, custody expansions, and on-chain fund launches as catalysts for BTC, ETH, SOL, and RWA sector price action, consistent with policy and market infrastructure trends supporting tokenization. source: BIS Annual Economic Report 2023 chapter on tokenisation and unified ledger; source: US SEC approvals enabling spot BTC ETFs in Jan 2024

According to Dave (@ItsDave_ADA), Grayscale has appointed Coinbase Custody Trust Company as the custodian for the fund's assets, ensuring the secure storage of its digital holdings. Additionally, BNY Mellon Asset Servicing will act as the administrator of the fund. This structured approach may enhance investor confidence by ensuring asset security and professional fund administration, potentially impacting trading volumes and market sentiment.