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BlackRock Explores DLT Shares for $150B Treasury Fund in SEC Filing
BlackRock Explores DLT Shares for $150B Treasury Fund in SEC Filing
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BlackRock has filed a preliminary prospectus with the SEC to explore the use of distributed ledger technology (DLT) for shares tracking its $150 billion Treasury Trust Fund (TTTXX). The fund primarily invests in US Treasury bills, notes, and cash equivalents, though it currently does not utilize blockchain technology or hold crypto assets.
BNY Mellon will act as the financial intermediary, maintaining a mirror record of share ownership on the blockchain for its customers. This move signals growing institutional interest in blockchain’s potential to streamline traditional finance operations, even as the fund itself remains rooted in conventional assets.
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