Blackrock is preparing to bring the blockchain to the back office in one of his largest funds, archiving to offer a digital share class on its $ 150 billion Treasury Trust Money Market Fund through Bny Mellon.

The new “DLT shares”, which are short for distributed headbox technology, do not hold crypto. BNY MELLON, FUND’s exclusive distributor, intends to use blockchain to mirror stock possession, an incremental step that can pave the way for wider adoption of tokenized cash, digital assets or blockchain-based settlement infrastructure in traditional financing.

Over the past few years, a growing number of companies have been experimenting with creating blockchain -based representations of the real world’s assets (RWAs) that bring the traditional financial world quickly into the crypto and decentralized finance (DEFI) environment. Earlier Wednesday, Libre said it was tokenizing $ 500 million of Messaging Platform Telegram’s debt of $ 2.4 billion and brought it to Ton Blockchain.

Blackrock’s liquidity Treasury Trust Fund is part of the company’s liquidity funds and managed over $ 150 billion in assets from April 29. The DLT ACTIVES CLASS HAS A MINIMUM INVESTIGATION REQUIRED OF $ 3 million for institutional buyers without a minimum of subsequent purchases. The SEC archiving is preliminary and subject to approval.

The move is not Blackrock’s first to tokenization. Its Blockchain-Neat BUIDL FUND, created in partnership with Securitize, is now managing over $ 1.7 billion in assets and recently expanded to Solana.

CEO Larry Fink has consistently emphasized his belief in the long -term potential of tokenization and decentralized funding. In his annual letter in 2025, Fink warned that the United States risks giving up its economic dominance if it does not control its debt – a vulnerability that could accelerate the investor interest in alternatives such as Bitcoin (BTC).

“If the US does not get its debt under control … risks risks [its reserve currency status] To digital assets like Bitcoin, “wrote Fink.” Decentralized funding is an extraordinary innovation. It makes markets faster, cheaper and more transparent. Still, the same innovation could undermine America’s economic advantage. “

Update (April 30, 7:29 UTC): Adds the third section on tokenization trends, rewrites the headline.