- Ownership records will combine blockchain data with verified investor identities.
- A separate filing introduces an on-chain share class for a $7 billion Treasury liquidity fund.
BlackRock has filed new proposals with the U.S. Securities and Exchange Commission to expand its tokenized fund offerings, adding to its growing activity in blockchain-based finance. The filings outline plans for a tokenized Treasury reserve vehicle and an onchain share class for an existing money-market fund.
The asset manager submitted plans to launch the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a fund that will invest in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries. The structure introduces “OnChain Shares,” which will be issued through a permissioned system linked to public blockchain networks.
Securitize Transfer Agent LLC will maintain official ownership records. The system will combine blockchain records with off-chain data that links wallet addresses to verified investor identities, although the filing does not specify which blockchains the fund will support. It sets a minimum investment of $3 million.
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New filings Target Treasuries And Liquidity Funds
In a separate filing, BlackRock proposed creating an on-chain share class for the BlackRock Select Treasury-Based Liquidity Fund, which manages nearly $7 billion in assets. BNY Mellon Investment Servicing will act as the transfer agent and record ownership on Ethereum using ERC-20 tokens. Blockchain records, together with identity-linked systems, will serve as the official shareholder registry.
BlackRock continues to expand its tokenization strategy as the market for tokenized real-world assets grows. Data shows the sector has increased by more than 200% over the past year and now exceeds $30 billion.
The filings follow the firm’s earlier launch of its tokenized money-market fund, BUIDL, in partnership with Securitize. The fund has reached about $2.5 billion in assets and is used in crypto markets as collateral for trading and borrowing.
BlackRock CEO Larry Fink has previously stated that tokenization can improve efficiency in financial markets. The latest filings indicate the firm is continuing to build infrastructure that connects traditional funds with blockchain-based systems.
