BlackRock Expands Blockchain Presence with New Tokenized Fund Filings

BlackRock has filed two applications with the U.S. Securities and Exchange Commission (SEC) to launch tokenized funds on Ethereum, marking a significant expansion of its presence in the blockchain-based investment products market.

The filings, which were made public on Friday, outline plans for the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle and the BlackRock Select Treasury Based Liquidity Fund. The Daily Reinvestment fund will issue 'OnChain Shares' through a framework linked to multiple public blockchains, while the Select Treasury Based Liquidity Fund will maintain shareholder records on Ethereum using the ERC-20 token standard.

The filings arrive as the tokenized real-world asset (RWA) sector continues to grow rapidly, with the total value of RWA market crossing $30 billion in total value over the past 12 months. The market for tokenized U.S. Treasuries has also grown significantly, reaching a total value of $14 billion as of May 2026.

BlackRock's filings suggest that the company is acting on its thesis that blockchain-based settlement can compress transaction cycles and add transparency to capital markets. The twin filings mark BlackRock's largest push into blockchain-based investment products since the launch of its BUIDL fund in 2024, which has accumulated roughly $2.5 billion in assets.