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