🚨 BlackRock Unleashes Blockchain Power: $150B Treasury Trust Fund Goes Digital! 🚨
🔥 Wall Street Meets Web3 🔥
In a groundbreaking move, BlackRock, the world's largest asset manager, is diving deeper into blockchain. They've filed with the SEC to tokenize shares of their colossal $150B Treasury Trust Fund, introducing a new class of DLT (Distributed Ledger Technology) Shares.
Key Highlights:
Partnership with BNY Mellon: The fund's exclusive distributor, BNY Mellon, will utilize blockchain to mirror share ownership records. Institutional Focus: Aimed at institutional investors, the DLT Shares require a minimum initial investment of $3 million. No Direct Crypto Exposure: While leveraging blockchain, these shares won't hold cryptocurrencies directly.
This isn't BlackRock's first foray into tokenization. Their blockchain-native BUIDL fund, launched in partnership with Securitize, now manages over $1.7 billion in assets and recently expanded onto Solana.
Why It Matters: BlackRock's move signifies a monumental shift, bridging traditional finance with blockchain technology. As CEO Larry Fink emphasizes the potential of tokenization, this step could pave the way for broader adoption of digital assets in mainstream finance.
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