BlackRock applies to the U.S. SEC to use Blockchain technology for its Treasury Trust Fund.

2025-05-02 05:43:21

According to Bloomberg, BlackRock has submitted an application to the SEC ( to create a blockchain-based class of shares for its BLF Treasury Trust Fund, referred to as DLT, which stands for Distributed Ledger Technology. DLT will seek to utilize blockchain technology to record stock ownership or simplify certain operations of money market funds that invest in high-quality short-term U.S. Treasury securities. BNY Mellon will act as the intermediary to manage the sale of these shares, with a minimum transaction amount of $3 million.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.