**BNY Mellon Partners with BlackRock to Launch On-Chain Valuation and Reporting Tool**

**Background Information:**  
Traditional financial institutions are gradually embracing blockchain and tokenized assets. As part of this trend, BNY Mellon has partnered with BlackRock to launch a real-time reporting tool called "Digital Asset Data Insights."  

**Key Events:**  
1. The tool allows Net Asset Value (NAV) data to be published directly on selected blockchains without relying on third-party accounting services.  
2. This collaboration is expected to have a significant impact on accounting and reporting discussions surrounding cryptocurrency.  

**Potential Impacts:**  
1. BNY Mellon can directly publish NAV data on-chain.  
2. The credibility of tokenized funds is enhanced due to increased transparency and real-time information.  
3. Other products can benefit from a more comprehensive suite of tokenization information tools.

PANews reported on April 11 that according to Forbes, in the latest move by traditional financial institutions to embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) has partnered with BlackRock to launch a real-time reporting tool, Digital Assets Data Insights. The cooperation between these two financial giants in developing on-chain valuation and reporting tools is bound to have a significant impact on the accounting and reporting discussions of cryptocurrencies. In short, the tool will allow net asset value (NAV) data to be published directly to the selected blockchain without relying on third-party accounting services. The benefits associated with this tool include: 1) Bank of New York Mellon is able to publish NAV data directly to the chain; 2) The credibility of tokenized funds is enhanced due to increased transparency and real-time information; 3) Other products are able to benefit from a more comprehensive suite of tools tailored for tokenized information.