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BNYBullishIndustry Newsnews

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BNY Participates in LemonEdge Series A to Modernize Private Markets Infrastructure

Jul 29, 2026, 10:15 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strategic investor confidence (BNY participation) and Blackstone backing may foreshadow pilot programs or client engagements, potentially improving LemonEdge adoption; could indirectly support BNY's offerings through expanded ecosystem.

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What happened, with direct paths to the underlying reporting

BNY joined LemonEdge's $21 million Series A led by Blackstone Innovations Investments as the fintech expands in the US and Europe. The round funds leadership hires and the 2026–2027 roadmap for private markets with $2.5 trillion AUM. The collaboration underscores BNY's strategy to digitize fund accounting and serve clients on a single, governed system of record.

LemonEdge raises $21M Series A; Blackstone leads, BNY participates.
Total funding raised now over $30M.
New CEO David T. O'Malley and Katharine Briggs named to lead growth.
BNY's Waldron cites one system of record for private markets.
LemonEdge serves private markets with over $2.5T AUM.

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