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The global asset management giant BlackRock is once again stirring up a storm in tokenized finance! Recently, this industry leader managing $14 trillion in assets officially submitted a new tokenized fund structure application to the U.S. SEC, and without hesitation, continued to partner with its longtime collaborator Securitize, using its on-chain infrastructure as the core technology foundation to add a heavy weight to the “on-chain” of traditional financial assets, also pushing tokenization from a “niche experiment” into a “mainstream institutional standard” phase of explosive growth.

This application is not a sudden whim of BlackRock, but an “upgrade continuation” of its tokenization strategy. As early as 2024, BlackRock teamed up with Securitize to launch its first tokenized fund, BUIDL. In just two years, this fund’s size skyrocketed to $2.3 billion, validating the business feasibility of “traditional assets + blockchain” with tangible performance, becoming a benchmark case for institutions entering on-chain finance. Now, the submission of this new fund application directly announces that BlackRock has upgraded its tokenized fund from a “pilot project” to a “core product line,” no longer just experimenting but aiming for deep roots and comprehensive expansion.

The new fund launched by BlackRock is called the “BlackRock Daily Reinvestment Stablecoin Reserve Tool,” with precise positioning and a hardcore focus. It mainly invests in cash, short-term U.S. Treasuries, and Treasury-backed overnight repurchase agreements, making it a chain-based “low-risk, high-liquidity asset management tool.” Unlike traditional funds with cumbersome processes, this new fund will issue “on-chain shares” through a permissioned system connecting multiple public blockchains. All transaction records will be recorded on-chain in real-time and fully traceable, completely solving the pain points of traditional funds involving multi-institutional cooperation, data fragmentation, and settlement delays. Securitize remains the “technical anchor” of this on-chain revolution, with its transfer agency responsible for maintaining the official ownership records of the tokenized shares, cleverly building a “dual architecture” of “on-chain rights confirmation + off-chain compliance”—recording asset ownership on-chain while linking investor identities off-chain, perfectly balancing blockchain’s efficiency and transparency with traditional financial compliance requirements.

Choosing to continue partnering with Securitize demonstrates BlackRock’s precise vision and strategic confidence. As one of the few global tokenization platforms holding a full set of SEC compliance licenses, Securitize combines blockchain technology strength with traditional financial compliance credentials. It can handle smart contract development, on-chain asset issuance, as well as KYC/AML verification and investor whitelist management, serving as 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 maintains compliance integrity, avoiding regulatory risks associated with changing partners—truly a win-win.

Currently, the tokenized finance sector is experiencing a “meteoric rise.” Data shows that the global tokenized real-world asset (RWA) market has surpassed $30 billion, doubling in size over the past year, marking a key stage from early niche exploration to institutional-grade infrastructure development. BlackRock’s joint launch of the new fund with Securitize undoubtedly injects confidence into the industry, accelerating traditional asset management giants’ entry and reshaping the global financial operation logic—the once closed, inefficient, high-cost traditional asset management market is breaking barriers through tokenization, enabling the entire process of asset issuance, trading, and settlement to be “on-chain,” achieving real-time settlement, efficient circulation, and global reach.

From Bitcoin spot ETF approval, to the BUIDL fund surpassing $2 billion, to the current new tokenized fund challenging the SEC, every step BlackRock takes hits at the core of industry transformation. Its deep partnership with Securitize further fortifies the technical and compliance barriers for its trillion-dollar assets going on-chain. It is foreseeable that once the new fund is approved, it will fully unlock the imagination of tokenizing traditional financial assets. More government bonds, money market funds, bonds, and other low-risk assets will accelerate on-chain, transforming on-chain finance from a “crypto-only” spectacle into a “grand stage” of deep integration between trillions of traditional assets and blockchain technology—a global wave of financial paradigm revolution is already gathering momentum.