A series of BBiBaZ luminescent glasses with different concentrations of Dy3+ doping and Dy3+-Eu3+ co-doping was planned by the high-temperature melt method. Their structure, chemical stability, glowing properties, energy transfer, and temperature-dependent emission spectra were also investigated. Under various monitor wavelengths, the visible emitted spectrum of the Dy3+-Eu3+ co-doping luminescent glass was obtained. The presence of Dy3+→Eu3+ energy transfer in the glass was demonstrated by emission spectra and fluorescence decay curve analyses. At the excitation of 384 nm, better white color emitting was noticed in BBiBaZ glass doped with Dy2O3 doping concentration of 0.75 mol% and doped with 0.4 mol% Eu2O3 with a CIE of (0.3306, 0.342), and the glass has an ΔE of 0.221 eV, which suggests that the synthesis glass has the prospective to be applied in white light solid-state lighting. In addition, the Dy3+-Eu3+ co-doped BBiBaZ glass could achieve tunable emission moving from cooling white to heating white to an orange-red light under 390 nm excitation. The adjustable range of the glass’s CCT values has been expanded, allowing for arbitrary tuning between approximately 2004–6380 K, which adapts to different application fields.