Tokenizing a fund of USD 150 billion, the new goal of BlackRock:

The global asset management titan BlackRock is preparing to take a decisive step in financial tokenization by seeking permission from the SEC to bring a class of shares of its gigantic BLF Treasury Trust fund, valued at 150 billion dollars, to blockchain.

This strategic move, far from being an isolated experiment, marks a logical evolution following the success of its tokenized fund BUIDL, which already operates on multiple networks such as Ethereum, Solana, and Polygon, with 2.5 billion under management.

With this new attempt, BlackRock aims to establish itself as a leader in the Real World Assets (RWA) market, a sector that tokenizes traditional assets such as bonds, real estate, or patents, and already reaches a value of 6 billion in digitized Treasury bonds.

The idea is for BNY Mellon to register and safeguard these shares digitally through blockchain, which opens the door to a progressive digitalization of the traditional financial system, increasing transparency and efficiency.

The fund in question is designed for large investors (requiring a minimum entry of $3 million USD) and consists of instruments from the U.S. Treasury, offering security and liquidity.

This move could be a catalyst for institutional adoption of tokenized assets, attracting other giants like Fidelity and Franklin Templeton, which are already exploring similar paths.

However, the RWA boom is not without shadows. Cases like the collapse of OM (Mantra) show that, alongside the transformative potential of this new financial infrastructure, there are risks of speculative bubbles and weak projects.

If it manages to convert one of its largest funds into a tokenized version, it would be a clear signal that decentralization is entering the heart of the financial system.

But it also reminds us that, in this new terrain, innovation must go hand in hand with vigilance and critical scrutiny.