BlackRock (a giant U.S. investment company) has officially filed plans to turn shares of its $150 billion money market fund into tokens using blockchain technology.
What that means:
Instead of owning traditional shares, investors could own digital versions of those shares—like crypto tokens—on a blockchain. This is called tokenization.
Why it matters:
. It could make investing in money market funds faster, cheaper, and more accessible.
. It shows that even big traditional finance players are getting serious about blockchain and crypto tech.
Big picture:
BlackRock is taking a major step toward blending traditional finance with #Web3 technology.