A major signal is coming from traditional finance as BNY prepares to take the stage at the Milken Institute Global Conference in Los Angeles. On the surface, it’s another high-level gathering of global leaders—but beneath it lies a deeper story about where finance is heading next. BNY, one of the oldest and most influential financial institutions in the world, isn’t just attending to network. Its focus is clear: modernizing market infrastructure and strengthening financial system resilience. In simple terms, this means rethinking how money, assets, and transactions move in an increasingly digital world. The timing couldn’t be more critical. Financial systems globally are under pressure to evolve—faster payments, tokenized assets, blockchain integration, and real-time settlement are no longer experimental ideas. They’re becoming expectations. Conferences like Milken Global act as strategic meeting points where policymakers, banks, and tech leaders align on what comes next. For BNY, this is also about positioning. As digital assets gain traction and institutions explore blockchain-based systems, legacy banks face a choice: adapt or risk becoming outdated. By actively engaging in these conversations, BNY signals that it intends to remain at the center of global finance—bridging traditional systems with emerging technologies. The phrase “market infrastructure” might sound technical, but it’s foundational. It covers everything from custody and clearing to payment rails and asset servicing. Modernizing it could unlock faster, more transparent, and more efficient financial systems worldwide. Resilience is equally important. Recent global shocks—from economic instability to technological disruptions—have shown how fragile systems can be. Strengthening resilience means building frameworks that can withstand volatility while continuing to