BlackRock Expands Tokenized Finance Push With New Treasury Fund Filings

TheNewsCrypto2026-05-11 tarihinde yayınlandı2026-05-11 tarihinde güncellendi

Özet

BlackRock, the world's largest asset manager, has intensified its push into tokenized finance by filing with the SEC to create a new fund. Named the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, the proposed fund would invest in cash, U.S. Treasuries, and repurchase agreements. It would issue "OnChain Shares" using a permissioned system linked to public blockchains, with Securitize Transfer Agent LLC maintaining ownership records. In a separate move, BlackRock also filed to establish an onchain share class for its existing BlackRock Select Treasury Based Liquidity Fund. For this, the transfer agent BNY Mellon outlined plans to use Ethereum's ERC-20 standards, combining blockchain data with offchain identification. These filings represent a significant expansion into tokenization, the process of creating digital tokens for traditional assets like funds. Advocates believe this technology can enhance transparency, enable 24/7 trading, and speed up settlement times.

With two new filings related to blockchain-based U.S. Treasury and money-market funds, BlackRock (BK), the biggest asset manager in the world, is intensifying its pursuit of tokenized finance. The firm is responsible for $14 trillion in AUM.

The asset management behemoth proposed the creation of a new fund that would invest in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries in a filing with the U.S. Securities and Exchange Commission (SEC) on Friday. The fund would be called the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle.

Banking on Tokenization

The “OnChain Shares” would be issued by the fund using a permissioned mechanism that is linked to several public blockchains. The formal records of ownership for such tokenized shares will be maintained by Securitize Transfer Agent LLC. Using a permissioned architecture connected to public blockchain networks, the transfer agent will keep offchain records that link investor names to wallet addresses, according to the filing.

The filing was vague about the blockchains that would initially be supported by the fund. Potential investors would have to put up at least $3 million. The BlackRock Select Treasury Based Liquidity Fund is a conventional money market fund that manages around $7 billion in assets; separately, the firm submitted documentation to establish a onchain share class for this fund.

In that document, BNY Mellon Investment Servicing, the fund’s transfer agent, detailed their plans to use Ethereum’s official ownership records system, ERC-20 token standards. The official shareholder registry would include of blockchain data and offchain identification mechanisms that connect wallets to investors.

With these registrations, BlackRock is making a stronger move into tokenized finance, a rapidly expanding sector of the digital asset market. The process of establishing digital tokens that reflect conventional financial assets like funds, bonds, or stocks is called tokenization. Proponents of the technology argue that it may increase transparency, facilitate round-the-clock trade, and expedite settlement.

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İlgili Sorular

QWhat are the two new filings BlackRock has made to expand its tokenized finance push?

ABlackRock has made two new filings: one to create the 'BlackRock Daily Reinvestment Stablecoin Reserve Vehicle' fund investing in cash, short-term U.S. Treasuries, and overnight repos; and another to establish an onchain share class for its existing 'BlackRock Select Treasury Based Liquidity Fund.'

QWhat technology will be used to issue the 'OnChain Shares' for the proposed new fund, and who will maintain the ownership records?

AThe 'OnChain Shares' will be issued using a permissioned mechanism linked to several public blockchains. The formal records of ownership for these tokenized shares will be maintained by Securitize Transfer Agent LLC.

QFor the onchain share class of the 'BlackRock Select Treasury Based Liquidity Fund', which blockchain system will be used for official ownership records?

AFor the onchain share class of the 'BlackRock Select Treasury Based Liquidity Fund', BNY Mellon Investment Servicing plans to use Ethereum's system, specifically the ERC-20 token standards, for official ownership records.

QWhat is the minimum investment amount mentioned for potential investors in the proposed BlackRock Daily Reinvestment Stablecoin Reserve Vehicle fund?

APotential investors in the proposed BlackRock Daily Reinvestment Stablecoin Reserve Vehicle fund would have to put up at least $3 million.

QAccording to the article, what are some of the potential benefits of asset tokenization that proponents argue for?

AProponents of asset tokenization argue that it may increase transparency, facilitate round-the-clock trade, and expedite settlement processes.

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