BlackRock has introduced a groundbreaking new share class for its $150 billion Treasury Trust Fund, leveraging blockchain technology for enhanced security and transparency without involving cryptocurrencies. This innovative approach marks a significant step forward in the integration of distributed ledger technology (DLT) into institutional finance. 💰 📈 The fund’s DLT Shares track ownership records on the Ethereum blockchain through BNY Mellon, utilizing blockchain solely for record-keeping, while traditional fund operations remain unaffected. These shares offer investors exposure to U.S. Treasuries with enhanced security and improved audit trails without any direct crypto involvement. 🤝 🔐 This strategic move signals a paradigm shift in financial systems, paving the way for a more transparent and efficient future for institutional finance.