BlackRock Launches Blockchain-Based DLT Share Class for Massive Fund

BlackRock has taken a significant leap into the world of blockchain technology by filing to introduce a Digital Ledger Technology (DLT) share class for its massive $150 billion money market fund. This innovative approach utilizes blockchain infrastructure to mirror and record share ownership, bringing enhanced transparency and efficiency to traditional financial systems. This move marks a major step towards integrating blockchain innovation into the traditionally conservative world of finance.