SEC Filing Shows BlackRock Preparing $150 Billion Tokenized Treasury Trust Offering

BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon.The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. But BNY Mellon, the fund’s exclusive distributor, intends to use blockchain to mirror share ownership records, an incremental step that could pave the way for broader adoption of tokenized cash, digital assets, or blockchain-based settlement infrastructure in traditional finance.BlackRock's Liquidity Treasury Trust Fund is part of the firm’s BlackRock Liquidity Funds suite and manages over $150 billion in assets as of April 29 source: https://www.coindesk.com/markets/2025/04/30/sec-filing-shows-blackrock-preparing-150-billion-tokenized-treasury-trust-offering