{"id":63066,"date":"2025-04-30T09:09:00","date_gmt":"2025-04-30T09:09:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63066"},"modified":"2025-04-30T09:09:00","modified_gmt":"2025-04-30T09:09:00","slug":"blackrock-files-to-launch-blockchain-based-shares-of-150b-treasury-fund","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63066","title":{"rendered":"BlackRock Files To Launch Blockchain-Based Shares Of $150B Treasury Fund"},"content":{"rendered":"

BlackRock, the world\u2019s largest asset manager, is moving deeper into blockchain technology with a new regulatory filing <\/span>aimed at launching<\/span> tokenized shares of its $150 billion Treasury Trust Fund. <\/span><\/p>\n

The <\/span>filing<\/span><\/a>, submitted to the US Securities and Exchange Commission (SEC) on April 29, outlines plans to offer digital shares using distributed ledger technology (DLT), a <\/span>major<\/span> step toward integrating blockchain into traditional finance.<\/span><\/p>\n

The proposed shares will be issued<\/span> exclusively through BNY Mellon, which will <\/span>also<\/span> maintain a parallel digital ledger of share ownership using blockchain infrastructure. <\/span><\/p>\n

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BlackRock\u2019s DLT Shares Aim to Modernize Ownership <\/span><\/h2>\n

BlackRock\u2019s DLT shares, while not involving cryptocurrency investments, are designed to modernize ownership records and transaction processing.<\/span><\/p>\n

Institutional investors <\/span>will need to<\/span> commit a minimum of $3 million for an initial purchase. However, subsequent investments will not carry a minimum requirement.<\/span><\/p>\n

According to the SEC filing, the fund\u2014formally known as the BlackRock Liquidity Funds Treasury Trust Fund\u2014does not currently use blockchain technology <\/span>in its operations<\/span>. <\/span><\/p>\n

However, BNY Mellon plans to track ownership of the DLT shares using a blockchain mirror record. As of 29 April 2025, the Treasury Trust Fund had assets totaling approximately $150.1 billion. This makes it one of the <\/span>largest<\/span> money market funds in the world.<\/span><\/p>\n

The initiative aligns closely with comments made by BlackRock CEO Larry Fink, who has publicly endorsed tokenization as a transformative force in financial markets.<\/span><\/p>\n

BlackRock is going all-in RWA <\/p>\n

Today, BlackRock filed to tokenize shares of its $150B money market fund.<\/p>\n

It already launched BUIDL last year, which has $2.3B+ in TVL.<\/p>\n

RWA tokens will explode in 2025. pic.twitter.com\/wYgktZg82I<\/a><\/p>\n

\u2014 Cas Abb\u00e9 (@cas_abbe) April 30, 2025<\/a><\/p>\n\n

In his 2025 annual letter to shareholders, Fink wrote that tokenization \u201cwill revolutionize <\/span>investing,<\/span>\u201d <\/span>by<\/span> enabling faster settlement times, reducing market friction, and unlocking capital <\/span>that <\/span>is<\/span> currently tied up<\/span> in slow-moving processes.<\/span><\/p>\n

He also emphasized the democratizing potential of tokenization, such as fractional ownership, streamlined shareholder voting, and broader access to yield-bearing assets.<\/span><\/p>\n

Despite this optimism, Fink acknowledged that identity verification remains a key hurdle before tokenized assets <\/span>can<\/span> become mainstream. Still, he believes that tokenized funds will eventually be as common as exchange-traded funds (ETFs).<\/span><\/p>\n

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Financial Giants Jump on Tokenization Trend<\/span><\/h2>\n

BlackRock\u2019s move follows similar efforts by other financial giants <\/span>including<\/span> JPMorgan, Franklin Templeton, and State Street, all <\/span>of which are<\/span> exploring blockchain to modernize fund operations.<\/span><\/p>\n

The tokenization trend is rapidly expanding. London-based Calastone recently integrated Fireblocks\u2019 blockchain infrastructure to allow fund managers to tokenize assets on its platform. <\/span><\/p>\n

Meanwhile, Libre, a blockchain project focused on real-world assets (RWAs), announced plans to tokenize $500 million in Telegram-issued bonds on The Open Network (TON), offering institutional investors decentralized access to the messaging platform\u2019s fixed-income products.<\/span><\/p>\n

According to RWA.xyz, the market value of tokenized RWAs has surged to $18.9 billion\u2014an 89% increase from the previous year\u2014highlighting growing institutional interest in bringing traditional assets onto the blockchain.<\/span><\/p>\n

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\n

Key Takeaways<\/h3>\n

BlackRock has filed to launch tokenized shares of its $150B Treasury Trust Fund using blockchain technology.<\/span> <\/p>\n

The DLT shares will be issued via BNY Mellon <\/span>and aim<\/span> to modernize fund ownership and transaction processing.<\/span> <\/p>\n

The move aligns with growing institutional interest in asset tokenization, now a nearly $19B market.<\/span> <\/p><\/div>\n

The post BlackRock Files To Launch Blockchain-Based Shares Of $150B Treasury Fund<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

BlackRock, the world\u2019s largest asset manager, is moving deeper into blockchain technology with a new regulatory filing aimed at launching tokenized shares of its $150 billion Treasury Trust Fund. The filing, submitted to the US Securities and Exchange Commission (SEC) on April 29, outlines plans to offer digital shares using distributed ledger technology (DLT), a […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63066","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63066"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63066"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63066\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}