BNY Is Changing The Game For Crypto Accounting
BNY continues to expand crypto operations
In the latest move by TradFi institutions pivoting to embrace the blockchain and tokenized asset space, the banking giant BNY has debuted a real-time reporting tool (Digital Assets Data Insights) in partnership with Blackrock. The fact that these two financial giants are collaborating on an on-chain valuation and reporting tool is set to have substantial effects on the crypto accounting and reporting conversation moving forward. Put simply, this tool will allow the posting of net-asset-value data directly on to select blockchains without relying on third-party accounting services. The involvement of on-chain money market fund, BUIDL, managed by Blackrock in addition…
