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According to Deep Tide TechFlow news on May 2, Bloomberg reported that global asset management giant BlackRock has submitted an application to the SEC ( to create a blockchain-based stock class for the BlackRock BLF Treasury Trust Fund, labeled as DLT, which stands for Distributed Ledger Technology. DLT seeks to leverage blockchain technology to record stock ownership or simplify certain fund operations of money market funds that invest in high-quality short-term U.S. Treasury securities. DLT shares can only be purchased through BNY Mellon, which plans to use blockchain technology to maintain a mirrored record of stock ownership for its clients.
It is reported that BlackRock launched a tokenized fund last year, the BlackRock US Dollar Institutional Digital Liquidity Fund (BUIDL).