BNY Mellon launches blockchain tool for tokenized fund NAV data

The Bank of New York (BNY) Mellon Mellon has launched a blockchain-based accounting tool that posts real-time net asset value (NAV) data for tokenized funds, with BlackRock’s BUIDL as the first client, Fortune Crypto reported. The move reflects BNY’s broader push into digital assets amid pro-crypto policies under the U.S. President Trump administration.