BNY Mellon collaborates with BlackRock to launch a tokenized asset on-chain valuation and reporting tool

2025-04-11 22:56:39

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ChainCatcher news, according to Forbes, in the latest move as traditional financial institutions increasingly embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) has partnered with BlackRock to launch a real-time reporting tool—Digital Assets Data Insights.

The collaboration between these two financial giants to develop on-chain valuation and reporting tools is expected to have a significant impact on discussions around accounting and reporting for cryptocurrencies. In short, the tool will allow for the direct publication of Net Asset Value (NAV) data onto selected blockchains without relying on third-party accounting services.

Benefits associated with this tool include: Bank of New York Mellon being able to directly publish NAV data on-chain; enhanced credibility of tokenized funds due to increased transparency and real-time information; and other products benefiting from a more comprehensive toolkit tailored specifically for tokenized information.

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