BlackRock has filed for the launch of digital shares (DLT shares) of its Treasury Trust fund amounting to $150 billion. Tokenized shares will only be available through BNY Mellon and are intended for institutional investors with a minimum initial investment of $3 million. Although the fund itself does not use cryptocurrencies, BNY Mellon will utilize blockchain to maintain a mirrored register of share ownership, enhancing transparency and speed of operations.
This move aligns with statements from BlackRock's CEO Larry Fink, who views tokenization as a "revolution in investing." The initiative will allow for instant transactions, eliminate settlement delays, and open up investment access to a broader range of participants. However, Fink also noted that further development is hindered by the lack of a comprehensive identity verification system in the token world
