{"id":844643,"date":"2025-04-30T09:11:36","date_gmt":"2025-04-30T14:11:36","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/big-win-for-ethereum-as-blackrock-tokenizes-150b-treasury-fund\/"},"modified":"2025-04-30T09:11:36","modified_gmt":"2025-04-30T14:11:36","slug":"big-win-for-ethereum-as-blackrock-tokenizes-150b-treasury-fund","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/big-win-for-ethereum-as-blackrock-tokenizes-150b-treasury-fund\/","title":{"rendered":"Big Win For Ethereum as BlackRock Tokenizes $150B Treasury Fund"},"content":{"rendered":"
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\u201cEthereum just scored a monster win,\u201d said former Ethereum developer Eric Connor on X on April 30.<\/p>\n

His comment came in reaction to an April 28 prospectus filing<\/a> with the US Securities and Exchange Commission by BlackRock, which aims to tokenize its $150 billion Treasury Trust market fund with a new \u201cDLT Shares\u201d asset class.<\/p>\n

It is the \u201cbiggest real-world asset flow to Ethereum yet,\u201d said Connor.<\/p>\n

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Ethereum just scored a monster win.<\/p>\n

BlackRock filed to tokenize its $150bn Treasury Trust money-market fund with a new \u201cDLT Shares\u201d class.<\/p>\n

BNY Mellon will keep a blockchain mirror of every share on-chain.<\/p>\n

Biggest real-world asset flow to Ethereum yet.<\/p>\n

\u2014 Eric Conner (@econoar) April 30, 2025<\/a><\/p>\n<\/blockquote>\n

Ethereum Industry Standard for RWA<\/h2>\n

The BlackRock Treasury Trust Fund is a money market fund that invests only in short-term US Treasury securities to provide income while preserving liquidity and principal. It keeps fees low and is designed for very low-risk, stable returns.<\/p>\n

The new tokenized DLT shares of its $150 billion Treasury Trust Fund will use blockchain technology to track ownership via BNY Mellon.<\/p>\n

BlackRock previously launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain, in partnership with Securitize. It allows qualified investors to earn yields through tokenized US Treasury securities on Ethereum<\/a>.<\/p>\n

Onchain Foundation head of research Leon Waidmann reported<\/a> that 93% of BlackRock\u2019s BUIDL is on Ethereum. The fund currently has $2.34 billion in assets under management on Ethereum, according<\/a> to rwa.xyz.<\/p>\n

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\u201cInstitutions follow deep liquidity, credible neutrality, and battle-tested security,\u201d he said before adding, \u201cETH is already their settlement layer.\u201d<\/p>\n

\u201cBlackRock is building on Ethereum. They\u2019re betting on ETH as the leading ecosystem,\u201d said researcher \u201cCryptoGoos,\u201d who added that Ethereum is \u201cextremely undervalued.\u201d<\/p>\n<\/blockquote>\n

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BlackRock is building on Ethereum.<\/p>\n

They\u2019re betting on $ETH<\/a> as the leading eco-system.<\/p>\n

Don\u2019t get fooled now.<\/p>\n

Ethereum is extremely undervalued. pic.twitter.com\/dubhrzqxk4<\/a><\/p>\n

\u2014 CryptoGoos (@crypto_goos) April 29, 2025<\/a><\/p>\n<\/blockquote>\n

The firm does appear to be going all-in on tokenization. \u201cTokenization will revolutionize investing,\u201d BlackRock CEO Larry Fink said in March.<\/p>\n

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\u201cMarkets wouldn\u2019t need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth,\u201d he added.<\/p>\n<\/blockquote>\n

Ethereum is currently the industry standard for real-world asset (RWA) tokenization with a 56% market dominance and $6.2 billion tokenized on-chain (excluding stablecoins), according<\/a> to rwa.xyz.<\/p>\n

No Love For ETH Prices<\/h2>\n

ETH prices remain at bear market lows despite the bullish fundamentals<\/a>. The asset has struggled to make any progress above $1,800 over the past week and is still lingering around levels last seen in September 2023.<\/p>\n

ETH is still 63% down from its 2021 peak price and has declined almost 50% since the beginning of the year, but analysts and advocates still think it will reach five figures<\/a> soon.<\/p>\n

Nevertheless, institutions appear to be warming to cut-price Ether as BlackRock\u2019s spot ETH ETF (ETHA) has scooped up $162 million worth of the asset over the past four trading days.<\/p>\n

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Read More<\/a>
\n Maribel Antes<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cEthereum just scored a monster win,\u201d said former Ethereum developer Eric Connor on X on April 30. His comment came in reaction to an April 28 prospectus filing with the US Securities and Exchange Commission by BlackRock, which aims to tokenize its $150 billion Treasury Trust market fund with a new \u201cDLT Shares\u201d asset class.<\/p>\n","protected":false},"author":1,"featured_media":844644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,25740],"tags":[],"class_list":{"0":"post-844643","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-ethereum"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=844643"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/844644"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=844643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=844643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=844643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}