Permanent removal of tokens from circulation by sending them to an unrecoverable address, effectively reducing total supply. This deflationary mechanism is often used to increase scarcity and potentially boost token value. Ethereum burns ETH through its EIP-1559 fee mechanism
According to BNY, its new TA modernises its fund servicing offering by facilitating both digital and TradFi asset funds in an end-to-end lifecycle over multiple jurisdictions and blockchains
