BlackRock Expands Tokenization Strategy With New Blockchain-Based Fund Plans

BlackRock is increasing its focus on blockchain-based finance after filing new proposals tied to tokenized Treasury and money-market investment products. The move highlights the growing interest among traditional financial firms in bringing real-world assets onto blockchain networks.

BlackRock Files for New Tokenized Treasury Reserve Fund

The world’s largest asset manager has submitted paperwork for a new fund called the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle. The investment product is designed to hold cash, short-term US Treasury securities, and overnight repurchase agreements backed by Treasuries.

The proposed fund would issue digital “OnChain Shares” through a permissioned system connected to public blockchain networks. Ownership records for these tokenized shares would be managed by Securitize Transfer Agent LLC, which would combine blockchain infrastructure with identity verification systems linked to investor wallets.

BlackRock Adds Onchain Shares to $7 Billion Fund

In a separate filing, BlackRock also proposed launching an onchain share class for its BlackRock Select Treasury Based Liquidity Fund, which currently manages nearly $7 billion in assets.

The plan outlines the use of Ethereum blockchain technology and ERC-20 token standards for ownership tracking. Official shareholder records would combine blockchain data with offchain identity systems.

Tokenized Asset Market Continues Rapid Growth

BlackRock’s latest filings reflect rising demand for tokenized finance, a market that now exceeds $30 billion after growing more than 200% over the past year. Tokenization allows traditional assets such as bonds and funds to move onto blockchain systems, offering faster settlement, greater transparency, and continuous market access.

The company launched its first tokenized fund in 2024, which has since grown to approximately $2.5 billion in assets.