On April 11, in the latest move by traditional financial institutions to embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) and BlackRock have teamed up to launch a real-time reporting tool-Digital Assets Data Insights. The cooperation between the two financial giants to develop on-chain valuation and reporting tools is bound to have a significant impact on cryptocurrency accounting and reporting discussions. In short, the tool will allow net asset value (NAV) data to be published directly on selected blockchains without relying on third-party accounting services. Benefits associated with this tool include: 1) Bank of New York Mellon's ability to publish NAV data directly onto the chain;2) Tokenized funds 'enhanced credibility due to improved transparency and real-time information; and 3) other products can benefit from a more comprehensive suite of tools tailored to tokenized information.