Wall Street Giant BlackRock Takes Blockchain Mainstream
BlackRock is taking another step toward integrating blockchain into its financial infrastructure, with plans to launch a blockchain-based share class for one of its largest money market funds.
A recent SEC filing reveals the asset management giant is seeking approval to offer “DLT Shares” tied to its $150 billion institutional fund.
The initiative would allow select investors to purchase shares whose ownership is mirrored on a blockchain ledger—managed by BNY Mellon, which will handle distribution and tracking. While the specific blockchain network wasn’t named, the firm has previously used Ethereum for similar initiatives.
The new class comes with a $3 million minimum entry and will focus on ultra-short-term U.S. government debt, keeping maturities under two months on average.
This isn’t BlackRock’s first foray into digital assets. After seeing strong demand for its Bitcoin and Ethereum ETFs, as well as the blockchain-native BUIDL fund, the firm appears intent on deepening its involvement in the space.
The BUIDL fund alone now manages over $2.5 billion in tokenized assets and is active across several major blockchains, including Solana, Avalanche, and Ethereum layer-2 networks.
BlackRock CEO Larry Fink has previously pitched tokenization as a game-changer for finance—one that could eliminate entry barriers, reduce friction, and make high-yield investments more accessible. With its growing blockchain experiments, BlackRock is clearly moving in that direction.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
