BlackRock Files to Tokenize Treasury Fund — Ethereum Might Power It

🏛️ BlackRock Is Putting Treasury Shares on the Blockchain

No, they’re not launching a new crypto token.
But they are about to rewrite how Wall Street tracks ownership.

BlackRock has filed with the SEC to launch a blockchain-based share class for its BLF Treasury Trust Fund — called the DLT Class. No Bitcoin. No volatility. Just blockchain infrastructure for real-world assets.

It’s not about price pumps — it’s about digitizing the plumbing of traditional finance.

🔧 What It Means: Blockchain Without the “Crypto”

This new DLT share class:

• 🔐 Tracks ownership on a distributed ledger (likely Ethereum)
• 🕒 Enables instant reconciliation and near real-time reporting
• 🔎 Adds transparency and auditability to fund structures
• 🚫 No exposure to BTC, ETH, or volatile tokens

This isn’t “crypto adoption.”
It’s financial infrastructure modernization.

🧱 Ethereum Might Be the Quiet Backbone

BlackRock hasn’t named the blockchain, but all signs point to Ethereum:

• 📈 Proven tokenization history
• 💼 Compatible with institutional custody systems
• 🤝 Likely partnership: Bank of New York Mellon (longtime BlackRock custodian)

With $222B market cap, Ethereum is still volatile — but its tech stack keeps winning trust from the biggest players in finance.

🧠 Larry Fink’s Blockchain Pivot — Minus the Volatility

BlackRock’s CEO Larry Fink has gone from crypto-skeptic to blockchain strategist.

• ✅ Spot BTC ETF? ✔️
• ✅ Public tests of tokenized assets? ✔️
• ✅ Now: on-chain shares of U.S. Treasuries

The DLT filing shows that blockchain rails are now part of BlackRock’s long-term plan — without the crypto baggage.

📊 Ethereum Snapshot — May 2, 2025

• Price: $1,839.03
• Market Cap: $222.03B
• Dominance: 7.37%
• 24h Volume: $15.67B
• 90d Change: -44.29%

ETH may be struggling on the surface, but beneath it? Wall Street is quietly building with it.

🔮 Why This Filing Actually Matters

• 🧱 It’s a vote of confidence in on-chain finance infrastructure
• 🧾 Could unlock tokenized U.S. bond markets at scale
• 🛠️ Makes blockchain feel less like hype, more like accounting

First comes the back office.
Then comes the entire financial system.

BlackRock isn’t betting on memes.
It’s betting on blockchain as the new Excel — and Ethereum may be the sheet they’re using.

🧠 TL;DR: BlackRock Just Put Ethereum on Wall Street’s Backend

• 🏛️ Filed to tokenize Treasury fund shares via DLT share class
• ⚙️ No crypto exposure — just blockchain infrastructure
• 🤝 Likely using Ethereum + BNY Mellon
• 🔐 Goal: faster, cleaner, cheaper fund management
• 💡 Quietly reshaping TradFi behind the scenes

The world’s biggest asset manager just made blockchain boring — and that might be the most bullish thing yet.