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TechFlow, April 30 — According to Bloomberg ETF analyst Henry Jim, BlackRock has applied to add a digital share class (DLT) for its $150 billion money market fund.
The DLT shares will be sold exclusively through BNY Mellon and are planned to use blockchain technology to map ownership. Henry Jim believes this move could be preparation for future use of digital currencies or digital cash.
According to Bloomberg ETF analyst Henry Jim, BlackRock has applied to add a digital share class (DLT) to its $150 billion money market fund. The DLT shares will be sold exclusively through BNY Mellon and are planned to use blockchain technology to map ownership. Henry Jim believes this move could be preparing for future digital currency/cash usage.
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