On-chain fund accounting data service
BNY, bank, on Ethereum since April 2025.
BNY broadcasts selected fund accounting and NAV data to Ethereum via smart contract. BlackRock is the first client, for BUIDL, where BNY is also fund administrator and custodian. IMPORTANT: this publishes data to Ethereum; it is not asset issuance, and should not be counted as tokenisation.
In the record
16
months from first observation to the record's assessment of August 2026
9
bank rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R1Can we hold and administer this the way we hold everything else?
available
Qualified custody, fund administration and in-kind creation are available from named providers under existing mandates.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.