Overview
- BlackRock submitted a new SEC application for a tokenized fund and named Securitize as the transfer agent.
- The structure records fund shares as tokens on a public blockchain while Securitize Transfer Agent, LLC maintains the official shareholder ledger.
- The application is pending and the public record does not yet list the target assets, blockchain choice, or fees.
- BlackRock’s first tokenized fund with Securitize, BUIDL, has grown to about $2.3 billion, showing strong demand from institutions.
- The filing intensifies competition with Franklin Templeton, Fidelity, and State Street and arrives as lawmakers advance crypto market-structure proposals.