New York, April 3, 2025 — The Financial institution of New York Mellon Company (“BNY”) (NYSE: BK), a world monetary providers firm, right this moment introduced the enlargement of its Digital Asset Platform with the launch of its Digital Asset Knowledge Insights product, designed to securely and effectively ship each on- and off-chain knowledge throughout blockchain networks. The launch underscores BNY’s ambition to serve an expanded, elementary position within the lifecycle of tokenized belongings.
With the BNY knowledge on-chain functionality, BNY will broadcast choose fund accounting knowledge to the Ethereum community, enabling additional utility of public blockchains. Utilizing sensible contract know-how, BNY will automate knowledge consumption in order that traders and on-chain individuals could additional capitalize on distributed ledger know-how (DLT).
“Accessing clear knowledge is essential to our purchasers’ success in right this moment’s market,” stated Caroline Butler, International Head of Digital Property at BNY. “Our platform’s assist of Digital Asset Knowledge Insights underscores our dedication to servicing the end-to-end asset lifecycle through distributed ledger know-how, whereas sustaining knowledge integrity from a trusted supply.”
BlackRock would be the first shopper to leverage this product. BNY will broadcast fund accounting knowledge for the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or “the Fund”), its tokenized short-term U.S. Treasury fund. BNY at present acts as fund administrator and custodian of the Fund’s belongings.
“BNY’s enablement of off-chain knowledge insights to public blockchains is an unprecedented occasion and a major milestone for the business,” stated Robert Mitchnick, Head of Digital Property at BlackRock. “By enhancing knowledge transparency and accessibility for our traders, BNY has set a brand new customary for digital asset innovation.”
BNY’s Digital Asset Platform is a single, built-in platform for the safekeeping, servicing and administration of digital belongings. The platform leverages blockchain and tokenization applied sciences to create new alternatives to unlock asset utility, broaden distribution channels, handle threat and inform funding choices because the market evolves.
Reference :
https://www.bny.com/content material/bnymellon/international/en/about-us/newsroom/press-release/bny-expands-digital-asset-platform-with-launch-of-innovative-on-chain-offering.html