Blockchain Meets Banking: BNY’s Bold Move With BlackRock In Tow
Bank of New York Mellon Corp. unveiled a new blockchain-based tool Friday that posts up-to-date net asset value (NAV) data for tokenized funds directly on a blockchain. According to company officials, BlackRock will be the first client to implement this technology with their on-chain money market fund, BUIDL. Trump Administration Policies Create Friendly Crypto Environment…