BlackRock Goes Full Crypto: $150B Tokenized Treasury Trust Hits SEC Filings

Wall Street’s sleeping giant just woke up—and it’s holding a blockchain chainsaw. BlackRock’s SEC filing reveals plans to tokenize $150 billion in US Treasury assets, a move that could legitimize crypto faster than a lobbyist’s handshake.

Why it matters: When the world’s largest asset manager dips its toes in, the pool becomes an ocean. This isn’t your DeFi cousin’s basement project—it’s institutional adoption wearing a $5,000 suit.

The fine print: The ’BlackRock USD Institutional Digital Liquidity Trust’ (because finance loves 7-word names) will track overnight repo rates. Translation: they’re bringing T-bills on-chain while keeping all the compliance paperwork—old wine, new blockchain bottle.

Cynic’s corner: Nothing says ’we believe in crypto’ like hedging your bets with government-guaranteed debt. But hey, even revolutionaries need risk management—and 4.5% yields.