BlackRock Introduces Blockchain-Enabled Shares for $150B Money Market Fund
BlackRock, the world’s largest asset manager, is pushing deeper into blockchain integration with traditional finance. A recent SEC filing reveals plans for a blockchain-based share class—"DLT Shares"—linked to its $150 billion money market fund.
BNY Mellon will oversee share sales while maintaining parallel ownership records on-chain. Though the fund avoids direct crypto exposure, this move signals institutional momentum for distributed ledger technology in capital markets.