BlackRock has submitted a filing to create digital ledger technology shares connected to its BLF Treasury Trust Fund, which holds over $150 million in assets, primarily invested in US Treasury bills and cash. The filing reveals plans to leverage blockchain technology to enable a mirror record of share ownership for investors, although the shares themselves will not be tokenized. Instead, they will serve as a transparency tool while traditional book-entry records will maintain the official ownership ledger. The digital shares will be purchasable exclusively through BlackRock Advisors and The Bank of New York Mellon (BNY), with a minimum investment requirement of $3 million. This initiative is part of a broader trend among asset managers, as companies like Fidelity also explore blockchain-based investment options, such as an Ethereum-based OnChain share class for its treasury fund, pending regulatory approval. BlackRock's CEO has advocated for the potential of real-world asset tokenization in revolutionizing investment practices.

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