BlackRock Pursues SEC Approval for Blockchain-Based Stock Class

Global asset manager BlackRock has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch a blockchain-based stock class within its BLF Treasury Trust Fund, designated DLT. This innovative approach aims to leverage blockchain technology for improved record keeping and potentially streamlined operations for the money market fund which invests in high-quality short-term U.S. Treasury securities.