Blockchain Meets Banking: BNY’s Bold Move With BlackRock In Tow

Quick Summary:

Bank of New York Mellon Corp.unveiled a new blockchain-based tool Friday that posts up-to-date net asset value (NAV) data for tokenized funds directly on a blockchain.

According to company officials, BlackRock will be the first client to implement this technology with their on-chain money market fund, BUIDL.

While the technology remains limited to specific test cases and mostly blockchain-native customers, this implementation represents a step toward broader adoption.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Wall street Banking Bitcoin Blockchain BNY BNY Mellon Crypto BlackRock Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 17:00:28 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27588395

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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