Wall Street Giant BlackRock Takes Blockchain Mainstream

A recent SEC filing reveals the asset management giant is seeking approval to offer “DLT Shares” tied to its $150 billion institutional fund.

The initiative would allow select investors to purchase shares whose ownership is mirrored on a blockchain ledger—managed by BNY Mellon, which will handle distribution and tracking. While the specific blockchain network wasn’t named, the firm has previously used Ethereum for similar initiatives.

The new class comes with a $3 million minimum entry and will focus on ultra-short-term U.S. government debt, keeping maturities under two months on average.

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This isn’t BlackRock’s first foray into digital assets. After seeing strong demand for its Bitcoin and Ethereum ETFs, as well as the blockchain-native BUIDL fund, the firm appears intent on deepening its involvement in the space.

The BUIDL fund alone now manages over $2.5 billion in tokenized assets and is active across several major blockchains, including Solana, Avalanche, and Ethereum layer-2 networks.

BlackRock CEO Larry Fink has previously pitched tokenization as a game-changer for finance—one that could eliminate entry barriers, reduce friction, and make high-yield investments more accessible. With its growing blockchain experiments, BlackRock is clearly moving in that direction.

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