ChainCatcher news, according to Bloomberg, global asset management giant BlackRock has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create a blockchain-based share class for the BlackRock BLF Treasury Trust Fund, labeled as DLT, which stands for Distributed Ledger Technology. DLT aims to leverage blockchain technology to record stock ownership or streamline certain fund operations of money market funds that invest in high-quality short-term U.S. Treasury securities. DLT shares will only be available for purchase through Bank of New York Mellon (BNY), which plans to use blockchain technology to maintain a mirror record of stock ownership for its clients.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click “Report”, and we will handle it promptly.