INSTITUTIONAL | World’s Largest Asset Manager Deepening its Involvement into On-Chain Fund Offerings

BlackRock is expanding its push into on-chain finance with new tokenized fund offerings deepening the asset manager’s involvement in the fast-growing market for tokenized real-world assets.

BlackRock has a filing with the US. SEC for a new fund, dubbbed the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, which would invest in:

• cash,
• short-term U.S treasury securities, and
• overnight repurchase agreements backed by treasuries

by issuing what it describes as ‘OnChain Shares’ connected to multiple public blockchains.

The world’s largest asset manager is seeking to broaden its lineup of onchain investment products as demand for tokenized financial assets accelerates among institutional investors. The move comes as the market for tokenized real-world assets has grown sharply (200% YoY) over the past year driven by increasing interest from traditional financial firms looking to use blockchain technology for

• settlement,
• liquidity, and
• operational efficiency.

BlackRock has emerged as one of the most aggressive Wall Street firms embracing tokenization, alongside companies such as JPMorgan Chase, Franklin Templeton, and State Street. Major institutions have increasingly launched blockchain-based funds tied to treasuries, cash management products, and other traditional financial instruments.

The latest filings highlight how tokenization is moving further into mainstream finance as asset managers seek to bring traditional securities and funds onto blockchain networks that can enable faster transfers and around-the-clock trading.

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