BlackRock just dropped a major SEC filing that’s a huge win for @ethereum.



They’re launching tokenized share classes for their massive $7 billion Select Treasury Based Liquidity Fund — and the official ownership records will live directly on Ethereum using ERC-20 tokens. BNY Mellon, one of the biggest traditional custodians, will maintain the real share register on-chain.

This isn’t just another experiment. BlackRock is turning a real-world money-market fund (investing in short-term U.S. Treasuries) into an on-chain product that stablecoin holders and DeFi users can access 24/7. It builds straight on their successful BUIDL fund and shows they’re going all-in on Ethereum as the settlement layer for institutional money.
ETH-0.7%
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