BlackRock files to offer tokenized shares of its $150 billion Treasury Trust fund via BNY Mellon

Description

BlackRock has filed with the U.S. Securities and Exchange Commission (SEC) to introduce a blockchain-based digital share class, known as "DLT Shares," for its $150 billion Treasury Trust Fund.

Authors

Danny Park

Publish date

April 29, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/352464/blackrock-files-to-offer-tokenized-shares-of-its-150-billion-treasury-trust-fund-via-bny-mellon?utm_source=twitter&utm_medium=social

Referenced by

BlackRock files to launch $150B tokenized Treasury Trust fund

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News story

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.

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However, Fink noted that insufficient identity verification infrastructure for tokenized assets remains a bottleneck. Once the issue is resolved, he expects tokenized funds to become as familiar to investors as exchange-traded funds.

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