BlackRock taps BNY to publish fund data on Ethereum

BNY announced the extension of its digital active platform with the launch of a new tool aimed at providing chain accounting data on and off chain to blockchain networks.

Publisher’s note: This article has been updated to reflect that the company is called “BNY”, not “Bny Mellon”.

BNY, the largest goalkeeper in the world, said in a press release That he launched the Digital Asset Data Insights product, a data tool to provide security and efficiency to offer and access to accounting data data between blockchains.

The new tool, which will see the world asset manager Blackrock Become the first customer, will allow BNY to distribute the value of the assets of a fund on Ethereum (Ethn) network.

Consequently, the new offer on the chain of the financial services giant helps to strengthen its footprint in the blockchain technological space. According to the announcement, part of the emphasis is placed on rapid expansion tokenized assets walk.

Digital Asset Data Insights will allow BNY to take advantage of intelligent contracts to automate the delivery of data for investors in token funds.

“Access to transparent data is essential to the success of our customers on the current market,” said Caroline Butler, a global BNY digital asset manager. “The support of our platform of information on digital assets underlines our commitment to maintain the life cycle of end -to -end assets via the technology of the big book distributed, while maintaining the integrity of the data from a source of confidence.”

The BlackRock USD Institutional Digital Liquidity Fund will be the first to benefit from the new solution.

Buidl, which was launched in 2024 and is a short -term US Treasury Fund, will have its dissemination of data on BNY.

Commenting on the latest development, the manager of digital assets of BlackRock, Robert Mitchnick, said:

“BNY activation of information on out -chain data with public blockchains is an unprecedented event and an important step for industry. By improving the transparency and accessibility of data for our investors, BNY has established a new standard for the innovation of digital assets. ”

BNY, a square in New York City, is the administrator of the fund and the Buidl active guard.

BNY, which oversees more than 52 dollars of dollars in custody and administration as well as more than 2 billions of dollars of assets under management, the eyes distributed the technology of the great book for transparency and accessibility. The goalkeeper giant has invested In Bitcoin spot (BTC) Funds negotiated in exchange and Cib view of Crypto ETF targeted In the midst of the regulatory examination.