In a move that could redefine the convergence between traditional finance and the crypto ecosystem, #BlackRock has requested authorization from the SEC to tokenize a class of shares of its BLF Treasury Trust Fund, a giant of USD 150 billion. This attempt to bring classic financial instruments to decentralized networks is not the first for the firm, which already manages BUIDL, a tokenized fund with over USD 2.5 billion in assets distributed across Ethereum and other blockchains.
This advancement underscores the growing prominence of Real World Assets (RWA) in the crypto world, a trend that is capturing the attention of major institutional players. If the SEC gives the green light, BlackRock will not only consolidate its presence in financial tokenization but could also lead a revolution in how traditional assets are integrated into Web3. For Binance users, this evolution opens a window of opportunities to explore new investment avenues backed by Wall Street giants.
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