Digital Asset Data Insights product to deliver both on- and off-chain data across blockchain networks.
New York, April 3, 2025 -- The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced the expansion of its Digital Asset Platform with the launch of its Digital Asset Data Insights product, designed to securely and efficiently deliver both on- and off-chain data across blockchain networks. The launch underscores BNY’s ambition to serve an expanded, fundamental role in the lifecycle of tokenized assets.
With the BNY data on-chain capability, BNY will broadcast select fund accounting data to the Ethereum network, enabling further utility of public blockchains. Using smart contract technology, BNY will automate data consumption so that investors and on-chain participants may further capitalize on distributed ledger technology (DLT).
"Accessing transparent data is critical to our clients’ success in today's market,” said Caroline Butler, Global Head of Digital Assets at BNY. “Our platform’s support of Digital Asset Data Insights underscores our commitment to servicing the end-to-end asset lifecycle via distributed ledger technology, while maintaining data integrity from a trusted source.”
BlackRock will be the first client to leverage this product. BNY will broadcast fund accounting data for the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or “the Fund”), its tokenized short-term U.S. Treasury fund. BNY currently acts as fund administrator and custodian of the Fund’s assets.
"BNY’s enablement of off-chain data insights to public blockchains is an unprecedented event and a significant milestone for the industry,” said Robert Mitchnick, Head of Digital Assets at BlackRock. “By enhancing data transparency and accessibility for our investors, BNY has set a new standard for digital asset innovation."
BNY's Digital Asset Platform is a single, integrated platform for the safekeeping, servicing and management of digital assets. The platform leverages blockchain and tokenization technologies to create new opportunities to unlock asset utility, broaden distribution channels, manage risk and inform investment decisions as the market evolves.
About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of December 31, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.
Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. For more information on BNY Digital Assets, please visit: https://www.bny.com/corporate/global/en/solutions/digital-assets.html