BNY launch Digital Asset Data Insights product 04 April 2024US Reporter: Jack McRae
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BNY has expanded its Digital Asset Platform by launching with its Digital Asset Data Insights product.
The product is designed to securely and efficiently deliver both on and off-chain data across blockchain networks.
Caroline Butler, global head of digital assets at BNY, says: “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 use this product and BNY will broadcast fund accounting data for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), its tokenised short-term US Treasury fund.
BNY currently acts as fund administrator and custodian of the BUIDL’s assets.
Robert Mitchnick, head of digital assets at BlackRock, adds “By enhancing data transparency and accessibility for our investors, BNY has set a new standard for digital asset innovation."
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