BlackRock, the world’s largest asset manager, has unveiled plans to launch digital ledger technology (DLT) shares for its money market fund. The firm filed a preliminary prospectus with the Securities and Exchange Commission (SEC) on April 29th, detailing this ambitious venture. This initiative will see BlackRock introduce DLT Shares tied to its $150 billion BLF Treasury Trust Fund (TTTXX), a portfolio focused on US Treasury bills, notes, cash, and other obligations issued by the U.S. Treasury. The shares will be sold through Bank of New York Mellon, with both the bank acting as a seller for investors and maintaining a mirror record of ownership on the blockchain. While the fund currently doesn’t utilize blockchain technology, it intends to incorporate the technology into share ownership tracking.