BlackRock applies for a new tokenized fund structure, relying on Securitize infrastructure

Techub News reports that, according to CryptoBriefing, the world’s largest asset management firm BlackRock submitted documents to the SEC on May 12th, applying to establish a new tokenized fund structure that will use Securitize’s blockchain infrastructure to handle on-chain ownership records. The firm currently manages over $10 trillion in assets, and its previously launched tokenized money market fund BUIDL has reached $2.3 billion in size. This application marks the acceleration of traditional financial giants integrating blockchain technology with existing financial infrastructure. The current market size of tokenized real-world assets has exceeded $30 billion, and the new fund structure is expected to reduce settlement times from several days to nearly instant, with automated compliance enabled through smart contracts. The regulatory framework is still being developed, and the SEC’s acceptance of such applications is seen as a positive signal.