BlackRock launches a tokenized fund structure, continuing to use Securitize's on-chain infrastructure

BlackRock has submitted a new application for a tokenized fund structure to the U.S. SEC and has once again chosen Securitize to provide on-chain infrastructure support. According to the disclosure documents, the new structure will integrate the ownership records of fund shares on the blockchain with regulated transfer agents and investor access systems, achieving a connection between on-chain and traditional financial compliance systems. Securitize stated that its Securitize Transfer Agent, LLC will be responsible for maintaining the official ownership records of fund shares on the public chain, meaning that on-chain holding data will directly enter the regulated fund registration system. Officials stated that this is "another step towards institutional-scale operation of regulated on-chain capital markets."

This application is also seen as further expansion for BlackRock following the success of BUIDL. BUIDL is the first tokenized fund launched by BlackRock in collaboration with Securitize in 2024, and its asset size has grown to approximately $2.3 billion, becoming an important case of institutional adoption of tokenized finance. Securitize also disclosed that the global market size for tokenized real-world assets (RWA) has surpassed $30 billion, with the industry moving from early experimental stages to the construction phase of institutional-level infrastructure, interoperability, and compliant on-chain financial systems.