#GateSquareMayTradingShare Gate Square Daily Report | May 13, 2026

Tag: #TokenizedFunds #BlackRock #LargeFirms #RWA
The convergence of traditional finance (TradFi) and decentralized infrastructure reached a new milestone today. BlackRock, the world’s largest asset manager, has filed with the SEC to significantly expand its tokenized fund ecosystem. This isn't just an experiment—it’s a major bid to dominate the "digital dollar" infrastructure.
🏛️ The Move: Scaling Beyond BUIDL
While BlackRock’s first tokenized fund, BUIDL, has already crossed $2.5 billion in assets, these new filings signal a transition from "proof of concept" to "industrial scale."
New Stablecoin Reserve: BlackRock filed for the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle. This fund targets stablecoin issuers, allowing them to earn U.S. Treasury yields without leaving the blockchain.
Tokenizing the Big Leagues: A second filing seeks to add an "OnChain Share Class" to the existing $7 billion BlackRock Select Treasury Based Liquidity Fund.
Infrastructure Partners: BlackRock continues its deep integration with Securitize for its new reserve vehicle, while tapping BNY Mellon to manage the tokenized shares for its larger liquidity fund.
⚡ Why This Matters for the Market
Tokenized Real-World Assets (RWA) have now surpassed a $30 billion total market cap. BlackRock's strategy highlights several key benefits for institutional holders:
24/7 Liquidity: Unlike traditional funds that close on weekends, these tokens can be moved or traded anytime.
Instant Settlement: Standard "T+1" or "T+2" settlement times are replaced by near-instant on-chain finality.
Programmable Collateral: These fund shares can now be used directly as collateral in DeFi protocols (like UniswapX or Euler), a feat impossible with traditional paper-based shares.
📈 The Outlook
As regulatory clarity improves in 2026, the "idle pile" of stablecoin capital is being vacuumed into yield-bearing, regulated products. Experts suggest that BlackRock alone could manage over $5-6 billion in tokenized treasuries by the end of this year.
Key Takeaway: The "BUIDL era" was the blueprint; we are now entering the era of institutional capital flows operating entirely on-chain.