BNY Investments

What BNY Investments does

BNY Investments is the investment management division of The Bank of New York Mellon Corporation (NYSE: BK), managing approximately $2.1 trillion in assets as of March 31, 2026 across a global multi-specialist platform spanning mutual funds, actively managed ETFs, separately managed accounts, and tokenized investment products. The firm operates through affiliated investment management boutiques including Newton Investment Management, Insight Investment, and Dreyfus, alongside joint venture interests such as CIBC Mellon in Canada. BNY Investments serves institutional and intermediary clients including investment managers, asset owners, alternative asset managers, insurance companies, banks, broker-dealers, and wealth intermediaries, with distribution reach across 100+ markets and dedicated presence in 35 countries.

The firm's product and technology stack combines traditional asset management with integrated custody, fund administration, transfer agency, execution services, and emerging digital asset infrastructure. Notable technology platforms include LiquidityDirect for liquidity management and money market fund subscriptions, a cloud-native and AI-enabled Data & Analytics platform, and a tokenized fund infrastructure built jointly with Goldman Sachs (GS DAP) and through partnerships such as OpenEden for the HYBOND tokenized high-yield product on Ethereum. BNY Investments has been at the forefront of tokenized money market funds, with BlackRock, Fidelity, and Federated Hermes participating from launch, and was recognized as Digital Asset Custodian of the Year in 2025.

BNY Investments generates revenue through three principal streams: recurring investment management fees on AUM, custody and servicing fees on $59.4 trillion in assets under custody and/or administration, and transaction/trading fees across FX, fixed income, and equities execution. The firm's go-to-market is enterprise field sales targeting institutional clients globally, supplemented by ETF listings on NYSE Arca and distribution through wealth intermediaries. The division sits within a 240+ year-old institution that touches approximately 20% of the world's investable assets, providing both scale advantages and the regulatory incumbency needed for cross-border asset servicing.

Name

BNY Investments

Legal name

The Bank of New York Mellon Corporation

Website

https://bny.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BNY Investments is the investment management division of The Bank of New York Mellon Corporation, managing approximately $2.1 trillion in assets across mutual funds, ETFs, and tokenized products for institutional clients globally, with operations in 100+ markets and 35 countries.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Open-End Investment Funds (52591), Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)

SIC

National Commercial Banks (6021), Finance Services (6199), Asset-Backed Securities (6189)

akta.pro primary industry

Government Investment Pools & Treasury Funds (FSAAAGAE)

Keywords

• Investment management services
• Asset management products
• Wealth management solutions
• Fund administration services
• Securities servicing solutions

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: BNY Investments generates revenue through management fees charged on assets under management across its family of mutual funds, ETFs, and separately managed accounts. The firm manages $2.2 trillion in assets as part of BNY's broader platform.
2. Custody and Servicing Fees: Revenue from securities servicing, fund administration, transfer agency, and other custodial services provided to institutional clients across 100+ markets.
3. Transaction and Trading Fees: Fees from execution services including FX, fixed income, and equities trading for institutional clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

BNY Investments is the investment management division of The Bank of New York Mellon Corporation, managing approximately $2.1 trillion in assets through a family of mutual funds, actively managed ETFs, separately managed accounts, and tokenized investment products. The firm delivers investment solutions across equity, fixed income, municipal bonds, high-yield, short-duration credit, and natural resources strategies, alongside custody, fund administration, execution, and digital assets services to institutional clients worldwide.

Product overview

BNY Investments is a diversified investment management organization with over $2.2 trillion in assets under management, operating as part of The Bank of New York Mellon Corporation. The firm offers a comprehensive suite of investment products including mutual funds, ETFs (such as BNY Mellon Dynamic Value ETF, BNY Mellon Enhanced Dividend and Income ETF), and tokenized investment products (HYBOND). Beyond traditional investment management, BNY Investments provides institutional platforms including Securities Services (custody, fund administration), LiquidityDirect (liquidity management), Data & Analytics (cloud-native AI-enabled platform), and Digital Assets infrastructure. The organization distributes its products through BNY Investments Canada and various institutional channels globally, with specialist managers handling equity, fixed income, real return, natural resources, and growth strategies.

Differentiator

Problem solved

Functional benefit

Brands

• Dreyfus: Money market fund management boutique participating in tokenized fund initiatives alongside BNY Investments
• Newton Investment Management
• Insight Investment
• CIBC Mellon
• BNY Mellon High Yield Strategies Fund
• BNY Mellon Strategic Municipal Bond Fund
• BNY Mellon Strategic Municipals, Inc.
• BNY Mellon Municipal Bond Infrastructure Fund
• BNY Mellon Enhanced Dividend and Income ETF (BEDY)
• BNY Mellon Dynamic Value ETF (BKDV)

Products and services

• HYBOND Tokenized investment product providing eligible investors on-chain access to BNY Investments' Global Short-Dated High-Yield Bond strategy on Ethereum blockchain, with planned expansion to XRP Ledger and BNB Chain.
• BNY Mellon Enhanced Dividend and Income ETF (BEDY) Actively managed ETF seeking total return through diversified allocations to dividend-paying stocks, equity-linked notes, and REITs, blending proprietary ranking model with fundamental analysis. Net expense ratio of 50 basis points.
• BNY Mellon Dynamic Value ETF (BKDV) Large-cap value ETF using bottom-up stock selection blending quantitative and fundamental research, emphasizing intrinsic value, positive business momentum, and sound business fundamentals.
• BNY Mellon Emerging Markets Equity ETF (BKEM) Emerging markets equity ETF listed on NYSE Arca with semi-annual distribution policy following February 2026 board-approved change.
• BNY Global Short-Dated Credit Fund Fund targeting investors seeking short-term debt options, managed by Insight Investment's team, offering attractive risk-adjusted returns with lower interest rate sensitivity.
• BNY Mellon High Yield Strategies Fund Closed-end high yield bond fund managed by BNY Mellon Investment Adviser, Inc. with monthly cash dividend distributions of $0.0175 per share.
• BNY Mellon Strategic Municipal Bond Fund Closed-end municipal bond fund managed by BNY Mellon Investment Adviser, Inc. with monthly cash distributions.
• BNY Mellon Strategic Municipals, Inc. Closed-end municipal bond fund managed by BNY Mellon Investment Adviser, Inc.
• BNY Mellon Municipal Bond Infrastructure Fund Closed-end infrastructure-focused municipal bond fund managed by BNY Mellon Investment Adviser, Inc. with monthly distributions.
• Securities Services Comprehensive securities servicing including custody solutions, fund and investor solutions, and global clearing services for institutional clients across 100+ markets.
• LiquidityDirect Liquidity management platform providing institutional access to money market fund subscriptions and liquidity solutions, including custody and investor access for tokenized products.
• Data & Analytics Cloud-native and AI-enabled platform providing data and operations solutions across the financial services ecosystem.
• Digital Assets Infrastructure connecting traditional and digital ecosystems, enabling tokenization and blockchain-based financial services.
• Execution Services Market access, streamlined workflows, and dedicated sales and trading across FX, fixed income, equities, and buy-side trading solutions.
• Global Payments & Trade Payments, cash management, and trade finance solutions enabling clients to move and manage money securely across global markets.
• Wealth Management Investments, wealth planning, and banking services for individuals and family offices through BNY Wealth division.
• Fund & Investor Solutions Fund and investor servicing for growth, insight, and efficiency across the investment lifecycle.
• Managed Account Solutions Product innovation and scale for personalized investment solutions, supporting the convergence of asset and wealth management.
• Credit & Lending Tailored credit solutions delivered with expertise across various financial instruments.
• Depositary Receipts Global depositary receipts program enabling companies to reach wider pools of investors and opportunities worldwide.
• Global Collateral Collateral management and mobility solutions to optimize liquidity needs across markets.
• BNY Pershing/Wealth Services Brokerage, advisory, and growth solutions along with financial products for wealth management clients.
• Conventional Trust Trusted solutions for debt, escrow, and public finance transactions.
• Structured Debt Innovative solutions for asset-backed securities (ABS), CLO, and loan transactions.

Quantifiable outcome

• 20% of world investable assets touched by BNY
• +2 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• OpenEdencoreStrategic or Co-development Partner · 1 April 2026OpenEden, an RWA tokenization platform, partnered with BNY Investments to launch HYBOND on the Ethereum blockchain, bringing BNY Investments' Global Short-Dated High-Yield Bond Fund on-chain. The product provides eligible investors with 1:1 on-chain exposure to actively managed corporate bond exposure. OpenEden was recently appointed as investment manager and primary custodian for OpenEden's TBILL Fund.
• Goldman SachscoreStrategic or Co-development Partner · 24 July 2025BNY partnered with Goldman Sachs to develop blockchain funds products. In July 2025, they jointly launched the first US system integrating money market fund subscriptions on both platforms simultaneously - BNY handling custody and investor access through LiquidityDirect, Goldman Sachs running the blockchain layer via GS DAP.
• CIBC MelloncoreStrategic or Co-development PartnerCIBC Mellon is owned jointly by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). Founded in 1996, it is exclusively focused on investment servicing needs of Canadian institutional investors and international investors into Canada, including custody, multicurrency accounting, fund administration, and pension services.
• BlackRockflagshipStrategic or Co-development PartnerBlackRock participated from day one in the BNY-Goldman Sachs tokenized money market fund platform. BlackRock's BUIDL fund reached approximately $2.1 billion in assets under management as part of the tokenized fund ecosystem.
• Fidelity InvestmentscoreStrategic or Co-development PartnerFidelity Investments participated from day one in the BNY-Goldman Sachs tokenized money market fund platform launched in July 2025.
• Federated HermescoreStrategic or Co-development PartnerFederated Hermes participated from day one in the BNY-Goldman Sachs tokenized money market fund platform launched in July 2025.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BlackRock: World's largest asset manager (>$10T AUM) and the most direct peer to BNY Investments across mutual funds, ETFs (iShares), and increasingly tokenized funds — BUIDL was a day-one partner on BNY's tokenized MMF platform. Competes head-to-head in institutional asset management and ETF distribution.
• State Street Global Advisors: SSGA is the closest pure-play competitor to BNY combining large-scale asset management (SPDR ETF franchise) with institutional custody and fund administration. Direct overlap in custody, ETFs, and the institutional asset owner segment.
• Vanguard: Largest mutual fund and second-largest ETF complex globally with $9T+ AUM. Direct peer in mutual fund/ETF product sets, with overlapping institutional and retail distribution channels and similar exposure to fee compression dynamics.
• Fidelity Investments: Diversified asset manager and brokerage that is a direct peer across mutual funds, ETFs, retirement, and wealth management. Fidelity was a day-one participant on BNY's tokenized MMF platform and competes on institutional mandates.
• J.P. Morgan Asset Management: Global asset management division of J.P. Morgan with $3T+ AUM across active, passive, alternatives, and ETF products. Direct peer in institutional and intermediary distribution and increasingly in tokenized fund initiatives.
• Goldman Sachs Asset Management: Goldman Sachs' $2.5T+ AUM asset management division and BNY's joint-venture partner on the GS DAP tokenized money market fund platform. Direct peer across institutional fixed income, alternatives, and increasingly digital asset infrastructure.
• Morgan Stanley Investment Management: MSIM manages $1.5T+ AUM across active equity, fixed income, alternatives, and ETFs (Calvert for ESG). Direct competitor for institutional mandates and intermediary distribution channels, with comparable product breadth across asset classes.
• Franklin Templeton: Global asset manager with $1.5T+ AUM and a leading tokenized money market fund (FOBXX) on a competing blockchain platform. Direct peer in traditional active management, ETFs (LibertyShares), and a tokenized fund competitor to BNY's MMF initiatives.
• T. Rowe Price: Standalone publicly traded active asset manager with $1.6T+ AUM. Direct peer in active equity, fixed income, and the recent launch of actively managed ETFs, with similar institutional and intermediary distribution profiles.
• Invesco: Global investment manager with $1.8T+ AUM and a major ETF franchise (QQQ, Invesco QQQ). Direct peer across active, passive, and ETF product sets, with comparable institutional and retail distribution infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bnyglobal
• YouTubeyoutube.com/@bnyglobal
• Facebookfacebook.com/bny
• LinkedInlinkedin.com/company/bnyglobal
• Instagraminstagram.com/bnyglobal
• TikToktiktok.com/@bny

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BNY Investments