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BNY Mellon Launches On-Chain Data Platform with BlackRock as First Client
- BNY Mellon has launched an on-chain data platform designed to enhance transparency and efficiency in fund management.
- BlackRock, the world's largest asset manager, is the platform's first client and will utilize it for the USD Institutional Digital Liquidity Fund.
- The platform provides real-time visibility of the fund's net asset value (NAV) on-chain, offering immediate access to critical financial data for investors.
- This collaboration signifies a pivotal moment in the financial industry's adoption of blockchain technology, setting a precedent for enhanced transparency and efficiency in fund management.
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