News, data and analysis on tokenized assets, market design and digital economic systems.
Sponsor of BUIDL, a tokenized dollar liquidity fund that passed $1bn in assets in March 2025, and a named participant in DTCC's tokenization service, which puts the world's largest asset manager on the public-chain and permissioned tracks at the same time.
The world's largest asset manager and sponsor of BUIDL, a tokenized dollar liquidity fund launched in March 2024 with Securitize as tokenisation and transfer agent, BNY as cash and securities custodian, and distribution across Ethereum and several other networks. BUIDL passed $1bn in assets in March 2025. The firm is also a named participant in DTCC's tokenization service, which places it on both the public-chain and permissioned tracks of institutional tokenisation at the same time.
Developments in which BlackRock, Inc. is a named party, newest first.
DTCC started limited production trading on its DTC Tokenization Service in July 2026, covering Russell 1000 constituent stocks, major ETFs and US Treasury securities. JPMorgan, BlackRock and Goldman Sachs are among more than 50 participating firms, with full…
DTCC began limited production trades on the DTC Tokenization Service in July 2026, covering Russell 1000 constituents, large index-tracking exchange-traded funds and US Treasury bills, notes and bonds, with commercial launch targeted for October 2026. More than 50 firms, among them BlackRock, Goldman Sachs, JPMorgan, Kraken and Circle, joined the industry working group; DTCC said tokenized holdings carry the same entitlements and ownership rights as assets held in conventional form.
BNY and Goldman Sachs launched a service under which subscriptions to money market funds placed through BNY's LiquidityDirect platform are mirrored as tokens on GS DAP, the Goldman Sachs Digital Assets platform built on Digital Asset technology. BNY continues to keep the official books, records and settlements for the funds. BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments and Goldman Sachs Asset Management took part at launch.
BlackRock introduced the BlackRock USD Institutional Digital Liquidity Fund, holding cash, US Treasury bills and repurchase agreements, with shares issued as tokens on Ethereum. Securitize acted as transfer agent and tokenisation platform, BNY Mellon as custodian of the fund's assets, and the minimum investment was $5m.
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