The World’s Largest Asset Manager (BlackRock) Files To Tokenize $150B Money Market Fund Shares

BlackRock just took another step forward into the blockchain world by filing for the creation of a new class of digital shares (DLT Shares) for its massive $150 billion money market fund. These shares will be recorded using blockchain technology with the goal for more transparent and efficient ownership tracking.

This is not just another experiment, it is the world's largest asset manager signaling loud and clear that tokenization of tradicional assets is no longer a theoretical concept and they already proved it with BUILD, their tokenized fund on Ethereum for Real World Assets (RWAs). And guess what, it is very probably that they will use Ethereum for this too.

Ethereum has proven smart contract infrastructure, robust developer ecosystem and growing support for enterprise apps. Ethereum is the no brain choice to build on in a easy and secure way. Taking in count as I said that BlackRock is already working on Ethereum, it is pretty obvious that the easy choice is Ethereum because they already have their developers trained to work with Ethereum so this makes future developments easier to do. When a company choose a tech, they use to keep building on it and only change if things are really bad. If not, always the easy, fast and cheaper way and in this case its Ethereum.

Ethereum is the future of finance.

Source:

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