BlackRock (BLK) Prepares to Tokenize Shares of Its $150B Treasury Trust Fund, SEC Filing Shows

BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon. The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. BNY Mellon, the fund’s exclusive distributor, intends to…