Financial giant BlackRock is taking a significant leap into the world of blockchain technology by launching tokenized shares for its massive $150 billion fund. This innovation, filed with the SEC, will see ownership records on the fund’s shares mirrored directly on a secure blockchain ledger, without holding actual crypto assets themselves. BNY Mellon, the exclusive distributor of this fund, will manage these blockchain-backed share records. This move marks a crucial step in traditional finance’s cautious integration of distributed ledger technology (DLT). It signifies the potential for future adoption of tokenized cash, digital assets, or blockchain-based settlement systems within the industry.