BlackRock Launches Tokenized Fund Structure, Continues Using Securitize's On-Chain Infrastructure

On May 12, BlackRock submitted a new application for a tokenized fund structure to the U.S. SEC, once again selecting Securitize to provide on-chain infrastructure support. According to the disclosure documents, the new structure will integrate the ownership records of fund shares on the blockchain with regulated transfer agents and investor access systems, connecting on-chain operations with traditional financial compliance frameworks. Securitize stated that its Securitize Transfer Agent, LLC will be responsible for maintaining the official ownership records of fund shares on the public blockchain, meaning that on-chain holding data will be directly incorporated into the regulated fund registration system. Officials noted that this represents a further step towards ‘institutional-scale operations in regulated on-chain capital markets.’ This application is also seen as a further expansion for BlackRock following the success of BUIDL. BUIDL is the first tokenized fund launched by BlackRock in collaboration with Securitize in 2024, which has now grown to approximately $2.3 billion in assets and has become an important case of institutional adoption of tokenized finance. Securitize also revealed that the global market for tokenized real-world assets (RWA) has surpassed $30 billion, with the industry moving from early experimental phases to the construction of institutional-grade infrastructure, interoperability, and compliant on-chain financial systems.