Gate.io News bot message, Bloomberg reports that BlackRock has submitted an application to the SEC to establish a blockchain-based stock class for the BlackRock BLF Treasury Trust, labeled as DLT (Distributed Ledger Technology). The fund invests in high-quality short-term U.S. Treasury bonds, and the DLT class will record stock ownership through blockchain technology and simplify the operation of money market funds. Bank of New York Mellon acts as the intermediary responsible for the sale of these stocks, with a minimum transaction limit of $3 million. Source: Bloomberg