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.