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The global asset management “behemoth” BlackRock is once again igniting a tokenized finance frenzy! Recently, this industry giant managing $14 trillion in assets officially filed an application with the U.S. SEC for a brand-new tokenized fund structure. Without hesitation, it continued teaming up with its long-time partner Securitize, using its on-chain infrastructure as the core technological foundation—adding a major new weight to “on-chain” traditional financial assets, and pushing tokenization from a “niche experiment” to an explosive phase where institutions make it their standard choice.

This application is by no means a spur-of-the-moment move by BlackRock, but rather a “continuation and upgrade” of its tokenization plan. As early as 2024, BlackRock partnered with Securitize to launch its first tokenized fund, BUIDL. In just two years, the fund’s size surged to $2.3 billion. Backed by real, hard-nosed performance, it demonstrated the business viability of “traditional assets + blockchain,” becoming a benchmark case of how institutions enter on-chain finance. Now, the submission of the new fund application directly signals that BlackRock has upgraded tokenized funds from “pilot projects” to a “core product line.” This is no longer a superficial try—it is about deeply rooting itself and expanding comprehensively.

The new fund that BlackRock is rolling out is called the “BlackRock Daily Reinvestment Stablecoin Reserve Tool.” It has a precise positioning and a no-nonsense, hard-core focus. It mainly invests in cash, short-term U.S. Treasuries, and Treasury-collateralized overnight repurchase agreements, making it an on-chain version of a “low-risk, high-liquidity asset management tool.” Unlike the cumbersome processes of traditional funds, this new fund will issue “on-chain shares” through a permissioned system connecting multiple public blockchains. All transaction records will be written on-chain in real time and remain fully traceable, completely doing away with the pain points of traditional funds—multi-institution collaboration, data fragmentation, and settlement delays. Securitize remains the “technical linchpin” of this on-chain transformation. Its transfer agent company will take full responsibility for maintaining the official ownership records of tokenized shares, cleverly building a dual architecture of “on-chain ownership confirmation + off-chain compliance”—recording asset ownership on-chain while linking investor identities off-chain. It perfectly balances blockchain’s efficiency and transparency with the compliance requirements of traditional finance.

Continuing to bind itself to Securitize clearly shows BlackRock’s sharp judgment and unwavering strategic resolve. As one of the few tokenization platforms globally that holds a complete set of SEC compliance licenses, Securitize combines strong blockchain technology capabilities with credentials for compliance in traditional finance. It can handle smart contract development and on-chain asset issuance, as well as compliance operations such as KYC/AML reviews and investor whitelist management—making it a “golden bridge” connecting traditional finance with the Web3 world. For BlackRock, reusing mature infrastructure not only reduces technical trial-and-error costs and accelerates product deployment, but also preserves a compliance closed loop, avoiding regulatory risks that may arise from changing partners. It’s truly a win in multiple dimensions.

At present, the tokenized finance track is in its “breakout moment.” Data shows that the global scale of tokenized real-world assets (RWA) has already exceeded $30 billion, up twofold from a year ago. It has moved from early-stage niche exploration into a key phase of building institutional-grade infrastructure. BlackRock, together with Securitize, is launching a new fund again—undoubtedly injecting strong momentum into the industry. It is not only accelerating traditional asset management giants to flock into the space, but also reshaping the operating logic of global finance: the once closed, inefficient, high-cost traditional asset management market is now breaking through barriers through tokenization, enabling the entire workflow of asset issuance, trading, and settlement to become “on-chain.” This delivers real-time settlement, efficient circulation, and global accessibility.

From the approval of Bitcoin spot ETFs, to BUIDL surpassing $2 billion in size, and now to this new tokenized fund clearing the SEC review—every step BlackRock takes lands on the core nodes of industry transformation. Its deep partnership with Securitize further fortifies both its technical and compliance barriers for on-chain trillions of dollars in assets. It is reasonable to expect that once the new fund is approved, it will fully unlock the imagination surrounding the tokenization of traditional financial assets. More low-risk assets such as government bonds, money market funds, and bonds will accelerate onto the chain. On-chain finance will no longer be just the “one-man show” of cryptocurrencies, but a “grand stage” where trillions of traditional assets are deeply integrated with blockchain technology. A global financial paradigm revolution is already gathering momentum.