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BNY launches new blockchain accounting tool with BlackRock as first client

Fortune LogoFortune1d ago

BNY launches new blockchain accounting tool with BlackRock as first client - Fortune

Quick Summary:

The financial services company has been a pioneer in crypto offerings, including digital asset custody.

Still, BNY has shown an interest in the technology, including launching a digital asset custody platform that allowed clients to hold Bitcoin and Ethereum, the second largest cryptocurrency, with the bank.

Larry Fink, BlackRock’s CEO, has publicly argued that more and more financial assets will be tokenized to improve cost and efficiencies, though the technology has still been limited to specific pilots and a largely blockchain-native customer base.


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Article Details

Author / Journalist: Leo Schwartz

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 13:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 178 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27563851

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 30 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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