SEC Filing shows BlackRock preparing $ 150 billion tokenized Treasury Trust Offering

BlackRock prepares to bring a blockchain to the back office of one of its largest funds, File to offer a digital sharing class of $ 150 billion Treasury Trust Money Market Fund by BNY Mellon.

The new “DLT sharing,” short for Ledger’s shared technology, will not hold in crypto. But BNY Mellon, exclusively distributing the fund, intends to use a blockchain to mirrors the ownership of the shares, an increase of step that can provide the way for the broader adoption of tokenized cash, digital assets, or blockchain-based settlement of infrastructure in traditional financial infrastructure.

The Blackrock’s Liquidity Treasury Trust Fund is part of the Blackrock Liquidity Funds Suite and manages more than $ 150 billion in properties until April 29. The DLT sharing class has a minimum investment requirement of $ 3 million for institutional consumers, with no minimum subsequent purchase. SEC filing is initial and subject to approved.

This is not Blackrock’s first move to tokenization. Its blockchain-native Buidl Fund, created in cooperation with Securitize, now manages more than $ 1.7 billion in assets and Recently expanded to Solana.

Blackrock CEO Larry Fink continues to emphasize his belief in the long -term potential of tokenization and decentralized finances. In his 2025 annual letter to shareholdersFink warns that the US risk results in financial dominance if it does not control its debt – a weakness that can accelerate the investor’s interest in successors such as Bitcoin.

“If the US is not getting its debt under control … the dangers in America are missing (its currency reserve status) in digital assets such as Bitcoin,” Fink wrote. “Decentralized finance is a rare change. It makes markets faster, cheaper, and clearer. However the same change can be a disturbance to America’s economic advantage.”