BTCC
/
BTCC Square
/
Global Cryptocurrency
/
BlackRock Files To Launch Blockchain-Based Shares Of $150B Treasury Fund
BlackRock Files To Launch Blockchain-Based Shares Of $150B Treasury Fund
13
2
BlackRock, the world’s largest asset manager, is advancing its blockchain ambitions with a regulatory filing to tokenize shares of its $150 billion Treasury Trust Fund. The SEC submission on April 29 details plans to issue digital shares via distributed ledger technology, marking a significant convergence of traditional finance and blockchain infrastructure.
BNY Mellon will serve as exclusive issuer and maintain a parallel blockchain-based ownership ledger. While not involving cryptocurrency directly, this move modernizes record-keeping and transaction processing for institutional investors—a tacit endorsement of DLT’s efficiency benefits.
By:
Previous
SEC Closes Probe Into PayPal’s PYUSD Stablecoin Without Enforcement Action
Next
TOKEN2049 Dubai to Unleash Biggest Crypto Conference of the Year
