BlackRock Files for 2 New Tokenized Treasury Funds With SEC

Crypto News

BlackRock, which oversees $14 trillion in assets, filed paperwork with the US Securities and Exchange Commission (SEC) on May 8 for two new blockchain-based fund structures linked to US Treasury securities and money-market instruments. The

add to a growing push by the asset manager into tokenized finance, a sector that has expanded more than 200% over the past year to exceed $30 billion, according to RWA(dot)xyz data.

The first proposal covers a new fund called the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle. The fund would hold cash, short-term US Treasury securities, and overnight repurchase agreements backed by Treasuries. It would issue tokenized shares, described in the filing as "OnChain Shares," through a permissioned system connected to multiple public blockchains. Securitize Transfer Agent LLC would maintain official ownership records, while off-chain systems would link wallet addresses to verified investor identities. The minimum investment threshold is $3 million. The filing did not identify which blockchains the fund will initially support.

BNY Mellon To Record Shares on Ethereum

The second filing proposes adding an on-chain share class to the BlackRock Select Treasury Based Liquidity Fund, an existing money-market fund with nearly $7 billion in assets under management. Under that structure, transfer agent BNY Mellon Investment Servicing would record official shareholder information on Ethereum (ETH) using the ERC-20 token standard. Off-chain identity systems would link wallet addresses to investor records.