A major global custodial institution managing over $57 trillion in assets has just rolled out tokenized deposit functionality for institutional players. The move enables funds to settle via blockchain infrastructure, cutting settlement times dramatically and enabling near-instant transactions. This signals serious institutional momentum behind on-chain infrastructure. When legacy financial giants with this scale of AUM start building tokenized asset services, it reshapes the conversation around blockchain utility in institutional finance. The shift from traditional rails to blockchain-based settlement addresses a real pain point—speed and efficiency. Expect this to unlock more institutional capital flowing through blockchain networks as the infrastructure matures.