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“Ethereum just won a monster victory,” former Ethereum developer Eric Connor told X on April 30.
His comments responded to BlackRock’s April 28 prospectus filed with the Securities and Exchange Commission on April 28. It aims to tokenize the $150 billion Treasury Trust Market Fund in its new “DLT Stock” asset class.
It’s “the biggest real-world asset flow to Ethereum,” Connor said.
Ethereum just recorded a monster victory.
BlackRock filed to tokenize a $150 billion Treasury Trust Money Market Fund in its new “DLT Stock” class.
BNY Mellon holds all shared on-chain blockchain mirrors.
The biggest real-world asset flow to Ethereum.
– Eric Connor (@econoar) April 30, 2025
RWA’s Ethereum Industry Standards
The BlackRock Treasury Trust Fund is a money market fund that invests solely in short-term US Treasury securities to provide income while maintaining liquidity and principal. It is designed for very low fees and stable returns with very low risk.
The $150 billion Treasury Trust Fund’s new tokenized DLT stock uses blockchain technology to track ownership through BNY Mellon.
BlackRock previously launched the BlackRock USD Institutional Digital Liquitidity Fund (BUIDL) on the Ethereum blockchain in collaboration with Securitize. Qualified investors can earn yields through tokenized US Treasury securities at Ethereum.
Leon Waidmann, head of Onchain Foundation Research, reported that 93% of BlackRock’s Buidl are in Ethereum. According to RWA.xyz, the fund currently has $2.34 billion in assets under management at Ethereum.
“The agency follows deep fluidity, reliable neutrality and combat-tested security,” he added, “ETH is already a settlement.”
“BlackRock is based on Ethereum. They bet on ETH as a major ecosystem,” said researcher “cryptogoos,” who added that Ethereum is “very underrated.”
BlackRock is based on Ethereum.
They are betting $ eth As a major ecosystem.
Don’t be fooled now.
Ethereum is highly underrated. pic.twitter.com/dubhrzqxk4
– cryptogoos (@crypto_goos) April 29, 2025
It appears that the company is all-in-the-money tokenize. “Tokenization will revolutionize investment,” BlackRock CEO Larry Fink said in March.
“The market doesn’t have to close. Now, trading that takes days will become clear in seconds. The billions of dollars currently fixed by delays in settlements could soon be reinvested into the economy, leading to more growth,” he added.
Ethereum is currently the industry standard for real-world asset (RWA) tokenization with a 56% market advantage and $6.2 billion tokenized on-chain (excluding Stablecoins), according to RWA.xyz.
No love for ETH prices
ETH prices remain low in the bare market despite the bullish basics. The asset has struggled to make progress in more than $1,800 over the past week, and still remains at the level it was last seen in September 2023.
ETH has fallen 63% from its peak price in 2021, nearly 50% since the start of the year, but analysts and supporters still think it will reach the five-person figure.
Nevertheless, it appears that the agency is warming to cut prices as BlackRock’s spot ETH ETF (ETHA) scooped up assets worth $162 million on the past four trading days.
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