BlackRock Tokenizes $150B Fund for Institutional Investors

BlackRock has taken a giant leap towards merging traditional finance with blockchain technology by filing to tokenize shares in its massive $150 billion money market fund. This move targets institutional investors, requiring a minimum investment of $3 million. The initiative showcases the increasing interest from institutional players in digital assets and highlights how Blackrock is pioneering new ways to structure financial products and access them through blockchain technology.