Financial giant BNY launches blockchain accounting tool, BlackRock becomes its first customer

Financial giant BNY announced the launch of a blockchain accounting tool, with BlackRock as its first client. This tool can directly provide the latest data on net asset value (NAV) of funds on the blockchain. In addition, this product will also increase the transparency of tokenized funds, a rapidly growing new category of funds similar to traditional ones but with underlying assets recorded and transferred on the blockchain. (Fortune)