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.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
