BlackRock Files To Launch Blockchain-Based Shares Of $150B Treasury Fund

BlackRock, the world’s largest asset manager, is moving deeper into blockchain technology with a new regulatory filing aimed at launching tokenized shares of its $150 billion Treasury Trust Fund.

The filing, submitted to the US Securities and Exchange Commission (SEC) on April 29, outlines plans to offer digital shares using distributed ledger technology (DLT), a major step toward integrating blockchain into traditional finance.

The proposed shares will be issued exclusively through BNY Mellon, which will also maintain a parallel digital ledger of share ownership using blockchain infrastructure.

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BlackRock’s DLT Shares Aim to Modernize Ownership

BlackRock’s DLT shares, while not involving cryptocurrency investments, are designed to modernize ownership records and transaction processing.

Institutional investors will need to commit a minimum of $3 million for an initial purchase. However, subsequent investments will not carry a minimum requirement.

According to the SEC filing, the fund—formally known as the BlackRock Liquidity Funds Treasury Trust Fund—does not currently use blockchain technology in its operations.

However, BNY Mellon plans to track ownership of the DLT shares using a blockchain mirror record. As of 29 April 2025, the Treasury Trust Fund had assets totaling approximately $150.1 billion. This makes it one of the largest money market funds in the world.

The initiative aligns closely with comments made by BlackRock CEO Larry Fink, who has publicly endorsed tokenization as a transformative force in financial markets.

BlackRock is going all-in RWA

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