Accelerating the layout of "tokenized finance"! BlackRock applies to launch "these 2 on-chain funds"

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BlackRock (BK), the world's largest asset manager, is accelerating its expansion into "tokenized finance." It has recently filed applications with the SEC to launch two blockchain-based U.S. Treasury and money market funds. According to documents filed with the SEC last Friday, BlackRock plans to launch a new fund called the "BlackRock Daily Reinvestment Stablecoin Reserve Tool," which will primarily invest in cash, short-term U.S. Treasuries, and overnight repurchase agreements backed by government debt. This new fund will issue "on-chain shares" through a "permissioned system" connected to multiple public blockchains. The transfer agent division of the digital asset securities platform Securitize will be responsible for maintaining the official ownership records of these tokenized shares. The filing indicates that the institution will adopt a permissioned framework on public blockchains to maintain a synchronized record linking investors' real-name identities with their digital wallet addresses. Currently, the filing has not disclosed which blockchain networks the fund will support in its initial phase, but it has clearly set a participation threshold: a minimum subscription amount of $3 million, indicating that its strategic target is focused on large institutions and high-net-worth clients. Another $7 billion money market fund to go on-chain Simultaneously, BlackRock has also applied to add an on-chain share class for another of its traditional money market funds, the "BlackRock Select Treasury Liquidity Fund," which has nearly $7 billion in assets under management. According to the plan, the fund's transfer agent, BNY Mellon Investment Servicing, will use the Ethereum ERC-20 token standard to register official ownership. On-chain records will be combined with off-chain real-name systems linking wallets and investors to serve as the official shareholder register. This series of moves highlights BlackRock's strong ambition to fully enter the field of tokenized finance. "Tokenization" refers to the conversion of traditional financial assets, such as funds, bonds, or stocks, into digital certificates on a blockchain, which is currently the fastest-growing sector in the digital asset space. Market proponents believe that this technology can significantly shorten settlement times, enable 24/7 trading, and enhance market transparency. Tokenized market grows over 200% annually, BlackRock CEO shows strong support How hot is the tokenization wave? According to data tracking platform rwa.xyz, the global "Real World Asset (RWA)" tokenization market has seen explosive growth over the past year, with an increase of 200%, and its total market capitalization has surpassed the $30 billion mark. Furthermore, a joint report released by the Boston Consulting Group (BCG) and blockchain payment giant Ripple is even more optimistic, projecting that the RWA tokenization market will soar to $18.9 trillion by 2033. BlackRock CEO Larry Fink has publicly supported tokenization technology multiple times, viewing it as the ultimate solution for modernizing traditional financial infrastructure. As early as 2024, BlackRock partnered with Securitize to launch its first tokenized money market fund, "BUIDL," which has since grown rapidly to approximately $2.5 billion in size and is increasingly being used by institutions in the cryptocurrency market as "collateral" for lending and leveraged trading.

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Source:區塊客

Published:2026-05-11 04:02:57

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