BlackRock Files for Second Tokenized Fund With SEC

TLDR

• BlackRock filed with the U.S. Securities and Exchange Commission to launch its second tokenized fund.
• BlackRock selected Securitize to manage blockchain-based ownership records for the new fund.
• The filing outlines a hybrid structure that combines on-chain ownership with regulated transfer agency services.
• Securitize Transfer Agent, LLC will serve as the official record-keeper for on-chain shares.
• The new filing follows the launch of BlackRock’s first tokenized fund, BUIDL, in 2024.

BlackRock has submitted a new filing to the U.S. Securities and Exchange Commission for a tokenized fund structure. The asset manager selected Securitize to manage blockchain-based ownership records. The filing outlines a hybrid model that combines on-chain ownership with regulated transfer agency services.

BlackRock Expands Tokenized Strategy With New SEC Filing

BlackRock structured the proposed fund to merge blockchain records with regulated investor onboarding systems. The filing assigns Securitize Transfer Agent, LLC as the official record-keeper for on-chain shares. The structure maintains compliance controls while enabling the benefits of distributed ledgers.

Securitize confirmed the development through a post on X. The company described the filing as “another step toward regulated, on-chain capital markets operating at institutional scale.” It stated that the model links public blockchains with regulated infrastructure for institutional investors.

The filing follows BlackRock’s earlier tokenized product launched with Securitize in 2024. That fund, known as BUIDL, has grown to about $2.3 billion in assets. The company reported that the product increased institutional participation in tokenized finance.

Securitize said it now oversees more than $4 billion in tokenized assets. These assets span multiple products, including BUIDL, USBtb, and VBILL. The broader tokenized real-world asset market has crossed $30 billion in total value.

Securitize Strengthens On-Chain Trading Infrastructure

Securitize continues to expand its regulated blockchain framework through new partnerships. The firm recently partnered with Jump Trading and Jupiter Exchange. The collaboration supports regulated trading of tokenized stocks on the Solana blockchain.

The partnership combines Securitize’s broker-dealer, Alternative Trading System, and transfer agent services. It also integrates regulated KYC-enabled wallets for compliant access. Jump Trading contributes its Automated Market Maker technology to provide liquidity.

Jupiter Exchange supports distribution through its decentralized finance aggregation platform. The combined system enables on-chain issuance, access, and settlement for tokenized stocks. The companies stated that the solution supports scalable secondary market trading.

Carlos Domingo, founder and chief executive officer of Securitize, shared details on X. He wrote, “We are launching a second tokenized fund with BlackRock, a Genius-compliant Act one to support stablecoin backing with tokenized funds for faster on-chain movement and transparency.” His statement confirmed the structured approach behind the new filing.

The new SEC filing places Securitize Transfer Agent, LLC at the center of share record management. The model records ownership on public blockchains while maintaining regulatory oversight. The companies have not disclosed a launch date for the second tokenized fund.

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