BlackRock applies to the US SEC to implement Blockchain technology in its Treasury Trust Fund.

GateUser-6433627c · 2025-05-02T18:17:45+00:00

BlackRock has applied to the U.S. SEC to implement blockchain technology in Treasury Trust Funds, creating a blockchain-based stock class DLT to utilize blockchain technology for recording stock ownership. The fund invests in short-term U.S. Treasury bonds. DLT shares can only be purchased through BNY Mellon, which plans to use blockchain technology to maintain a mirrored record of stock ownership.

GateUser-6433627c

2025-05-02 18:17:45

Abstract generation in progress

According to Bloomberg, global asset management giant BlackRock has filed an application with the U.S. Securities and Exchange Commission (SEC) (SEC) to create a blockchain-based stock class for BlackRock’s BLF Treasury Trust, labeled as DLT, an abbreviation for distributed ledger technology. DLT will seek to utilize blockchain technology to record stock ownership or streamline certain fund operations for money market funds, which invest in high-quality, short-term U.S. Treasuries. DLT shares can only be purchased through Bank of New York Mellon (BNY), which plans to use blockchain technology to maintain a mirror record of stock ownership for its clients.

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.