Robin Vince, CEO of America's oldest bank BNY and new OpenAI board member, rates himself a nine out of 10 for AI usage. He says he won't give himself full marks because AI is moving so quickly that using it to its fullest extent feels unattainable. BNY had over 100 "digital employees" in early 2025 before widespread agent adoption. The bank's in-house AI platform, Eliza, connects to employee feedback processes and provides daily coaching. It understands Vince's calendar, emails, and documents, offering advice on how to approach his day. Vince highlights AI's ability to see patterns across the entire 46,000-employee organisation and make recommendations that no single person could. He declined to comment on OpenAI's potential IPO, having joined the board only two weeks prior.

BNY Mellon has invested $18.22 million in Rigetti Computing, a quantum computing company listed on NASDAQ. The investment reflects growing institutional confidence in quantum technology's potential across industries including financial modelling, drug discovery, logistics, and artificial intelligence. Rigetti Computing develops quantum computers and superconducting quantum processors through a full-stack approach that integrates processors, software tools, and cloud-based platforms. The company aims to deliver practical quantum advantage for problems beyond the capabilities of classical supercomputers. The substantial investment provides Rigetti with capital for research, development, and commercialisation efforts. For BNY Mellon, one of the world's largest custodian banks, the stake represents a strategic allocation towards high-growth innovative sectors. The backing also enhances Rigetti's market visibility and could attract additional institutional investment in the quantum computing sector.

BNY, the world's largest custodian bank with $59.4 trillion in assets under custody and administration, has launched Digital TA, a new service supporting funds built natively on blockchain. The platform handles both traditional and blockchain-based funds across multiple jurisdictions, launching initially with select clients in the US and UK. Baillie Gifford has already launched its Enhanced Yield Fund using Digital TA, described as the first publicly available, fully native UK-regulated tokenised fund. BlackRock is expected to use the infrastructure for BSTBL, a tokenised share class of its money market fund designed to meet stablecoin reserve requirements. BNY's transfer agency business currently services roughly $8.6 trillion in assets across 7.6 million investor accounts, providing existing infrastructure for the digital offering.