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BlackRock files to create digital shares tracking one of its money market funds

  • On April 29, 2025, BlackRock submitted a filing with the SEC to introduce digital ledger technology-based shares representing its Treasury Trust Fund, a money market portfolio valued at approximately $150 billion.
  • BlackRock's decision follows growing institutional interest in blockchain tokenization to improve transparency and settlement speed in asset management.
  • The DLT shares will mirror ownership through blockchain managed by BNY Mellon, require a $3 million minimum investment, and exclude crypto assets.
  • BlackRock CEO Larry Fink called tokenization a transformative tool that could enable instant settlement and democratize investment participation.
  • If approved, this filing could mark a major institutional adoption milestone in real-world asset tokenization, potentially accelerating broader blockchain integration in finance.
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Cointelegraph broke the news in on Wednesday, April 30, 2025.
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