Traditional financial giant BlackRock ( is preparing to move its $150 billion money market fund onto the Blockchain, further implementing the application of tokenization of assets. According to the latest documents submitted to the SEC ), the company plans to issue distributed ledger technology ( DLT ) shares through BNY Mellon (, which will be an important step for the traditional asset management industry towards Web3.

BlackRock will issue DLT shares, sold exclusively through BNY Mellon.
BlackRock stated in the Form N-1A document submitted to the SEC on Monday, April 29, ), that it plans to launch digital "DLT Shares" for its BlackRock Liquidity Funds Treasury Trust Fund. DLT( Distributed Ledger Technology) Shares are digital shares that use blockchain and other distributed ledger technologies to track ownership.
These DLT shares can only be purchased through BNY Mellon and are open exclusively to institutional investors, with an initial investment threshold of $3 million, but there is no minimum limit for subsequent additional investments.