BlackRock Seeks Approval for Two New Tokenized Funds as RWA Market Surpasses $30B

BlackRock — managing roughly $14 trillion in assets — has submitted filings to the U.S. SEC for two tokenized Treasury reserve funds and plans to introduce blockchain-based share classes. The move underscores accelerating momentum in tokenized real-world assets (RWA), a sector that has now grown beyond $30 billion in total value.

As the world’s largest asset manager deepens its push into tokenization, it signals a clear shift in institutional sentiment: blockchain is increasingly being adopted as core infrastructure for issuing, managing, and distributing traditional financial products. The RWA market’s valuation has expanded roughly tenfold over the last two years, highlighting how quickly tokenization is moving from experimentation to mainstream finance.


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