ChainCatcher news, according to Ledger Insights, BNY (Bank of New York Mellon) has announced that it will become an early user of the lending platform EquiLend 1Source, marking its further investment in the securities lending field. In addition, BNY will also acquire a minority stake in EquiLend.It is reported that EquiLend's 1Source platform utilizes Distributed Ledger Technology (DLT) to enhance the transparency and efficiency of securities lending. The launch of the platform is expected to change the traditional operations of securities lending, providing users with more efficient trading and management tools. BNY's participation not only brings funding support to EquiLend but also provides an important user base for its market promotion. As one of the initial users, BNY will be able to gain priority experience during the early launch of the platform and participate in the further development and optimization of the product.