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Key Points: BNY Mellon partners with BlackRock to launch a blockchain-based reporting tool. Real-time NAV data improves transparency. Enhances credibility and efficiency in tokenized funds. BNY Mellon and BlackRock have partnered to launch a blockchain-based tool named Digital Assets Data Insights. The tool posts real-time NAV data directly onto a blockchain, marking a pivotal moment for cryptocurrency accounting. BNY Mellon’s collaboration with BlackRock led to the launch of the Digital Assets Data Insights tool. This innovation facilitates real-time NAV data publication onto blockchains, reducing dependence on third-party accounting. BlackRock’s involvement enhances credibility while providing real-time transparency and supporting tokenized financial products. Partnership Initiates Real-Time Blockchain Reporting Tool BNY Mellon’s collaboration with BlackRock led to the launch of the Digital Assets Data Insights tool. This innovation facilitates real-time NAV data publication onto blockchains, reducing dependence on third-party accounting. BlackRock’s involvement enhances credibility while providing real-time transparency and supporting tokenized financial products. CoinMarketCap reports Bitcoin (BTC) price at $83,660.30 with a market cap of $1.66 trillion, marking a 4.75% rise in 24 hours. The market dominance is 62.80%, but volume has fallen 12.91%. BTC’s 90-day performance shows an 11.58% drop. “BNY’s enablement of off-chain data insights to public blockchains is an unprecedented event and a significant milestone for the industry.” — Robert Mitchnick, Head of Digital Assets, BlackRock Blockchain Tool Revolutionizes Traditional Financial Operations Did you know? In 2022, BNY Mellon’s Digital Asset Custody allowed Bitcoin and Ethereum custody, showing early long-term blockchain commitment akin to today’s BlackRock partnership. CoinMarketCap reports Bitcoin (BTC) price at $83,660.30 with a market cap of $1.66 trillion, marking a 4.75% rise in 24 hours. The market dominance is 62.80%, but volume has fallen 12.91%. BTC’s 90-day performance shows an 11.58% drop. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 21:37 UTC on April 11, 2025. Source: CoinMarketCap…

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Filed under: News - @ April 11, 2025 11:18 pm