There was a development in the financial world, Bny Mellon, one of the well -established banks of the United States, announced the new accounting vehicle “Digital Asset Data Insights .. This innovative system eliminates the need for third -party services by directly publishing the net asset value of funds (NAV) directly on Blockchain. The first customer was not surprised: Blackrock. This partnership sets a whole new bridge between traditional finance and the world of digital being.
Blackrock made the first move: nav data is now in Blockchain
Blackrock, the world’s largest asset manager, was the first company to integrate this new system. Blackrock’s On-Chain Money Market Fund BUIDL will now release NAV data directly on Blockchain. In this way, investors will be able to reach the fund value instantly and transparently.
Larry Fink, CEO of Blackrock, frequently touched on how tokinization can transform financial markets. This move was an indication that his vision was implemented. In addition, the President of Digital Assets Robert Mitchnick described the cooperation with BNY Mellon as a üm a turning point in the industry ..
Regulatory obstacles have been exceeded: Blockchain opened front
In the past, US regulatory institutions set strict rules, especially crypto assets. However, recently, the fact that SEC has taken a more moderate attitude towards digital assets paved the way for innovations in this field. In particular, the abolition of the SAB 121 rule had financial institutions breathing.
In 2022, Bny Mellon announced the digital asset storage platform, but could not fully expand its services due to regulatory barriers. Thanks to the exemption received in 2024, they can now provide digital asset storage services for products such as ETF. These developments allowed the bank to take more brave steps in the field of blockchain.
BNY MELLON’s digital strategy fills eye
Bny Mellon, which is rapidly advancing in digitalization, is no longer a bank; It is also a technology leader. According to Caroline Butler, this new tool aims to integrate the digital world with traditional finance. He also emphasizes that transparent data access is vital for the success of customers.
This tool allows not only for funding management, but also for the management of the entire asset life cycle with blockchain technology. The fact that the data moved to the chain by a reliable source increases the confidence of the investor and brings a new standard to the sector.
Bny Mellon’s move is seen as a historical step in terms of financial transparency and digital transformation. The fact that it is the first user of a giant like Blackrock clearly demonstrates the seriousness and potential of this technology. The traditional financial world can be on the verge of a whole new era with Blockchain.
