BlackRock stated that DLT Shares will use distributed ledger technology solely to reflect ownership without replacing core fund infrastructure

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BlackRock, one of the world's largest asset managers, filed to launch DLT shares of its $150 billion Treasury Trust Fund, a money market fund. DLT shares refer to digital shares with ownership tracked using distributed ledger technology.

Although the Fund does not currently employ blockchain technology or invest in crypto assets, the Financial Intermediary through whom shareholders purchase and redeem DLT Shares intends to employ blockchain technology to maintain a mirror record of share ownership for its customers.