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

Odaily News Financial giant BNY announced the launch of a blockchain accounting tool, with BlackRock as its first customer. The tool is intended to provide the latest data on the net asset value (NAV) of the fund directly on the blockchain. In addition, the product will make tokenized funds more transparent - a fast-growing new fund category that is similar to traditional funds, but the underlying assets are recorded and transferred on the blockchain. (Fortune)