BlackRock deepens tokenization push with new onchain fund offerings
CoinDesk
BlackRock is expanding its tokenized fund offerings with new filings for blockchain-based U.S. Treasury and money-market fund products.Summary
BlackRock, the world's largest asset manager, has filed plans with the U.S. SEC to launch new tokenized funds, including a stablecoin reserve vehicle and an onchain share class for its Select Treasury Based Liquidity Fund. These initiatives utilize permissioned systems to issue shares on public blockchains, with transfer agents like Securitize and BNY Mellon maintaining ownership records. This move accelerates BlackRock’s participation in the rapidly growing real-world asset tokenization market, which has surpassed $30 billion. CEO Larry Fink continues to advocate for tokenization as a means to modernize financial infrastructure, following the success of the firm's existing BUIDL fund.
(Source：CoinDesk)