BlockBeats News, May 12th, BlackRock has submitted a new tokenized fund structure application to the U.S. SEC, once again choosing Securitize to provide on-chain infrastructure support.

According to the disclosure document, the new architecture will record fund share ownership on the blockchain, integrate with regulated transfer agents and investor onboarding systems, and achieve the connection between on-chain and traditional financial regulatory systems.

Securitize stated that its subsidiary, Securitize Transfer Agent, LLC, will be responsible for maintaining the official ownership records of the fund shares on the public blockchain, meaning that on-chain holdings data will directly enter the regulated fund registration system.

Officials stated that this is "another step towards the institutional-scale operation of regulated on-chain capital markets." This application is also seen as BlackRock's further expansion after the success of BUIDL. BUIDL is the first tokenized fund jointly launched by BlackRock and Securitize in 2024. The current asset under management has grown to approximately $2.3 billion and has become one of the important institutional cases adopting tokenized finance.

Securitize also disclosed that the global market size of tokenized real-world assets (RWA) has exceeded $30 billion, and the industry is transitioning from the early experimentation phase to the institutional-grade infrastructure, interoperability, and compliance-oriented on-chain financial system development phase.