<ul><li>Bank of New York Mellon Corp. has unveiled a new blockchain-based tool that posts up-to-date net asset value (NAV) data for tokenized funds directly on a blockchain.</li><li>BlackRock, a leading global investment management corporation, will be the first client to implement this technology with their on-chain money market fund, BUIDL.</li><li>BNY Mellon's move comes amidst growing acceptance of blockchain technology in traditional finance, supported by favorable regulatory changes during the Trump Administration.</li><li>The new tool aims to provide more transparency and current information around tokenized funds, allowing investors to observe real-time NAV values and improve creditworthiness.</li></ul>

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

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