🚨 BlackRock Takes Another Step Toward Blockchain Finance 💼

Asset management giant BlackRock is diving deeper into blockchain! On April 29, they filed with the SEC to launch DLT (Digital Ledger Technology) shares for their BLF Treasury Trust Fund (TTTXX) 💸

🧾 Key points:

✅ DLT shares will mirror ownership records, not be tokenized🪙
✅ The fund holds over $150M in U.S. Treasury bills and cash 🇺🇸
✅ Shares available only via BlackRock Advisors & BNY Mellon 🏦
✅ Blockchain will be used to enhance transparency while keeping legal records in traditional systems 📚

📉 No ticker or fee structure announced yet.

This move mirrors Fidelity’s Ethereum-based OnChain class for its FYHXX Treasury Digital Fund 📈

🔥 The Real-World Asset (RWA) tokenization market is booming:

➖ Market size: $6.16B
➖ BlackRock’s BUIDL: $2.55B
➖ Franklin Templeton’s BENJI: $700M+ 💼

🌐 Ethereum leads with $4.55B in tokenized treasuries. But Stellar $XLM 🌟 is quickly gaining ground with $474.9M, ahead of Solana ⚡️ ($274.5M)

🤝 Notably, BlackRock is actively collaborating with the Stellar blockchain to explore efficient, scalable solutions for tokenizing real-world assets. This partnership aligns with Stellar’s mission to make financial systems more open and accessible 💫

🗣 CEO Larry Fink remains bullish on blockchain’s potential to transform traditional finance. With Stellar’s speed, low fees, and compliance-ready infrastructure, it’s becoming a key player in this new era of digital finance 🚀

📈 As TradFi and DeFi continue to converge, $XLM and Stellar’s role in the RWA revolution is one to watch 👀

🔗 #Stellar #Blockchain #$XLM #Crypto #XRP #DeFi