BlackRock Files for Onchain Treasury and Money-Market Funds, Deepening Tokenization Push
BlackRock filed with the SEC to launch a new fund issuing OnChain Shares on public blockchains, expanding its tokenized finance offerings.
BlackRock, the world's largest asset manager with $14 trillion under management, has filed with the U.S. Securities and Exchange Commission to launch a new fund that issues OnChain Shares on public blockchains.
The filing proposes the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a fund investing in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries. The OnChain Shares will be maintained by Securitize Transfer Agent LLC through a permissioned system connected to multiple public blockchains. This move deepens BlackRock's push into tokenized finance, following its earlier tokenized money market fund BUIDL.
For cryptocurrency and digital asset traders, this development signals growing institutional adoption of blockchain technology for traditional financial instruments. Tokenized Treasury and money-market funds could provide new onramps for crypto investors seeking yield while staying within the digital asset ecosystem. Live crypto prices on NowPrice show how the market is reacting in real time to these institutional moves.
Traders should watch for SEC approval timelines and potential expansion of tokenized fund offerings. The success of BlackRock's OnChain Shares could pave the way for more traditional asset managers to enter the space, increasing liquidity and bridging traditional finance with decentralized markets.