BlackRock Is Inching Towards More Blockchain Adoption! What Could Be Their Next Plan?

BlackRock, long known as a dominant player in traditional finance, is now making clearer moves toward integrating blockchain into its core operations. 

This shift is not just symbolic—it signals that the financial mainstream may finally be ready to embrace the technology that once sat firmly at the edge of innovation.

A New Blockchain-Based Share Class

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), BlackRock plans to launch a blockchain-based share class for one of its largest money market funds, which currently manages around $150 billion. 

These new shares, referred to as “DLT Shares” (short for Distributed Ledger Technology), will allow select investors to hold ownership records on a blockchain ledger.

This blockchain ledger will be managed by BNY Mellon, a longstanding partner in institutional finance, which will also oversee the distribution and tracking of the shares. 

Although the filing does not name the specific blockchain network that will be used, BlackRock has previously relied on Ethereum for similar ventures.

Read also: All In on Bitcoin! Why BlackRock is Backing BTC With Its New Fund?

Not Just an Experiment

This move is not a one-off trial. It fits into BlackRock’s broader pattern of engagement with blockchain adoption. The asset manager has already made significant progress in the tokenized asset space through its BUIDL Fund, a blockchain-native fund that currently holds over $2.5 billion in tokenized assets. 

The fund operates across several blockchains, including Ethereum, Solana, and Avalanche, as well as various layer-2 networks.

What’s particularly notable is the fund's focus: it includes ultra-short-term U.S. government debt with an average maturity of under two months. This keeps the assets both low-risk and highly liquid—qualities that institutional investors value. 

The new blockchain-based share class is expected to follow a similar investment strategy, with a high entry threshold of $3 million.

A Broader Vision for Tokenization

BlackRock CEO Larry Fink has been vocal about his belief in the future of tokenization. He argues that blockchain-based financial systems could dramatically reduce the barriers that prevent many investors from accessing high-quality assets. 

Through tokenization, assets that were once out of reach—due to cost, complexity, or accessibility—could become part of a more open, fluid financial system.

For example, instead of trading full shares or requiring large minimum investments, tokenized systems could allow fractional ownership, automated settlement, and real-time tracking. These benefits could cut operational costs and improve efficiency across the industry.

Read also: BlackRock Buys More ETH! Is This Whale Ready to Pump Ethereum?

Is BlackRock Leading a Shift in Traditional Finance?

BlackRock’s strategy could influence other traditional financial institutions to follow suit. While many banks and asset managers have explored blockchain, few have made moves as public or as structured as BlackRock’s. By tying digital innovation directly to well-established products like a money market fund, the firm bridges the gap between conventional finance and blockchain infrastructure.

In many ways, this approach makes blockchain more relatable to traditional investors. Instead of speculative assets or high-risk crypto projects, BlackRock is using blockchain to make conservative investment products even more efficient and transparent.

Frequently Asked Questions (FAQ)

What is BlackRock known for?

BlackRock is one of the world’s leading providers of investment management, risk advisory, and financial planning services for individuals, institutions, and governments.

What does BlackRock do?

BlackRock manages a wide range of investments such as stocks, bonds, and ETFs, helping clients grow their capital through professional asset management and financial advisory.

Who owns BlackRock?

BlackRock is a publicly traded company with no single majority shareholder. It is owned by a mix of institutional investors, individual shareholders, and its employees.

Who are BlackRock’s biggest clients?

BlackRock’s major clients include large global corporations like Microsoft and AT&T, both of which use BlackRock’s Aladdin platform for portfolio and investment management.