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BlackRock Files for $150B Tokenized Treasury Fund with Blockchain Backbone
BlackRock Files for $150B Tokenized Treasury Fund with Blockchain Backbone
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BlackRock is laying institutional groundwork for blockchain adoption through a novel digital share class for its $150 billion Liquidity Treasury Trust Fund. The SEC filing reveals plans for "DLT Shares"—a non-crypto blockchain application that will mirror ownership records via distributed ledger technology.
BNY Mellon, acting as exclusive distributor, will implement the blockchain infrastructure. While the fund maintains traditional Treasury exposure, this move signals Wall Street’s gradual embrace of tokenization infrastructure. Minimum investment remains steep at $3 million, targeting institutional players.
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