BlackRock Expands Ethereum Tokenization Strategy With Treasury Fund Filing
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- BlackRock expands Ethereum tokenization strategy through its $7B Treasury liquidity fund.
- It uses Ethereum ERC-20 tokens for fund shares, while BNY Mellon maintains the on-chain register.
- BlackRock’s filings included a Treasury-backed stablecoin reserve liquidity product.
BlackRock expanded its Ethereum-based tokenization strategy after outlining plans for new blockchain-linked share classes tied to its Treasury liquidity products. The project connects traditional money-market funds with Ethereum infrastructure through tokenized ownership records, increasing institutional activity tied to blockchain settlement systems and tokenized financial products.
The SEC filing centers on BlackRock’s Select Treasury Based Liquidity Fund, which manages about $7 billion in assets. The structure uses ERC-20 tokens on Ethereum to represent ownership of fund shares, while BNY M…
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