BlackRock, the world’s largest financial asset management company, hopesReal World Assets) Tokenization.
The company has requested approval from the U.S. Stock Exchange and the Securities Commission (SEC) from Class A in the BLF TREASURY TRUST FUND (TTTXX) lawsuit. Money market fund with assets worth $150 million.
Among his proposals, he was Bany Mellon Bank, the fund’s exclusive distributor. To register properties for digital actions, use blockchain (not clear which one).
According to the documents presented to the SEC, these actions are “expected to be purchased and maintained through BNY, which aims to maintain parallel registrations of properties using blockchain technology.”
This approach seeks to gradually integrate distributed technologies. This could drive wider adoption of future digital assets.
Fund characteristics
El Blf Treasury Trust Fund Invest only in the US Treasury Departmentletters, promise memos, other government-supported obligations, and more.
Managed as a currency market fund, its purpose is to generate stable income while maintaining liquidity and capital.
Designed for institutional investors, The fund requires a minimum of $3 million investment to access digital stocks. In the application, BlackRock did not specify the stock market symbol (ticker) or the rate of management for this type of action.
Buidl: BlackRock’s precedent for tokenization
This is not BlackRock’s first approach to the world of tokenized assets. In March 2024, the company launched Buidl (BlackRock USD Digital Lipitidity). It first operated on the Ethereum network and expanded to other networks such as Solana, Polygon, Aptos, Arbitration, and Optimism.
Buidl was developed in collaboration with Securitize, a company specializing in tokenization, and is seeking to provide it to qualified investors in the US dollar. at the moment, The fund leads the tokenized treasure bond market with $2.5 billion capitalization.
The RWA tokenized market continues to grow. In addition to Buidl, the Franklin Ochain US Government Money Fund (Benji), managed by Franklin Templeton, reaches 700 million capital letters.
Other companies such as Fidelity also presented proposals to the SEC Tokenize similar funds such as the Fidelity Treasury Digital Fund (FYHXX) based on Ethereum It consists primarily of financial letters.
RWA’s row and its challenges
The education section of encryption, such as the RWA sector defined by Cryptopedia, such as tokens representing tangible assets (such as properties and raw materials) or intangible (such as bonds and patents), is completely booming.
Current value Tokenized Treasury debts amount to $600 billionaccording to data from rwa.xyz.
Companies like Free, working with Brevan Howard. Hamilton Lane; Digital Laser plans for Telegram $500 million through the Telegram Bond Fund (TBF) over the TON network.
However, growth is not exempt from risk. Cryptootics warns it RWA is facing criticism and exaggerated promises of speculative projects.
A recent example was the collapse of the RWA-specific cryptocurrency mantra (OM), which created billionaires losses in just a few hours. This case highlights that while the sector offers opportunities, it also houses vulnerable projects that require rigorous analysis.
