BlackRock Expands Tokenized Fund Lineup with New Filings

BlackRock, the world's largest asset manager, is continuing its expansion into tokenized finance with two new filings tied to blockchain-based U.S. Treasury and money-market funds.

The company filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a new fund that invests in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries. The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle would issue OnChain Shares through a permissioned system connected to multiple public blockchains.

Investors would face a $3 million minimum investment and the fund's transfer agent, Securitize Transfer Agent LLC, would maintain official ownership records for those tokenized shares. The filing did not disclose which blockchains the fund will initially support.