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SEC Filing Shows BlackRock Preparing $150 Billion Tokenized Treasury Trust Offering

  • BlackRock plans to introduce a digital share class known as DLT Shares for its Treasury Trust money market fund, which manages assets totaling approximately $150 billion, targeted for launch in early 2025.
  • This move follows growing institutional interest in blockchain and tokenization, with BlackRock previously launching the blockchain-native BUIDL fund managing $1.7 billion.
  • The DLT shares will use blockchain technology to record ownership but will not hold cryptocurrencies, with BNY Mellon acting as the exclusive distributor.
  • In his 2025 letter, BlackRock CEO Larry Fink cautioned that if U.S. Debt continues to grow unchecked, the country could forfeit its role as the world’s primary reserve currency, potentially boosting investor interest in alternatives such as Bitcoin.
  • If approved, the tokenized fund could advance blockchain adoption in traditional finance and potentially add billions of dollars to Ethereum’s network value.
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u.today broke the news in on Tuesday, April 29, 2025.
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