BlackRock applies for new tokenized fund structure, leveraging Securitize infrastructure

Techub News, according to CryptoBriefing, BlackRock, the world's largest asset management company, filed a document with the SEC on May 12 to apply for the establishment of a new tokenized fund structure, which will use Securitize's blockchain infrastructure to handle on-chain ownership records. The institution currently manages assets exceeding $10 trillion, and its previously launched tokenized money market fund BUIDL has reached a scale of $2.3 billion. This application marks the acceleration of the integration of blockchain technology with existing financial infrastructure by traditional financial giants. The current market size of tokenized real-world assets has exceeded $30 billion. The new fund structure is expected to compress settlement times from several days to near-instant and achieve compliance automation through smart contracts. The regulatory framework is still being refined, and the SEC's acceptance of such applications is seen as a positive signal.