The company has introduced its first public blockchain tokenized fund.

On the Ethereum network, the BlackRock USD Institutional Digital Liquidity fund will be issued.

For the fund launch, the asset manager has teamed up with digital assets company Securitize and acquired a minority stake in the business.

The fund, which is registered in the Cayman Islands, requires a $100,000 minimum investment.

The introduction follows the February debut of BlackRock's first spot bitcoin exchange-traded fund (ETF), which attracted assets from investors totaling almost $15 billion.

Since the US Securities and Exchanges Commission approved the first batch of crypto-linked spot ETFs in response to legal appeals from a number of asset managers and crypto groups, there has been a noticeable increase in interest in crypto funds.

Since then, both the value of cryptocurrencies and the quantity of crypto ETFs introduced in the US have increased.

Robert Mitchnick, head of digital assets at BlackRock, said, "This is the latest evolution of our digital assets strategy." "We are thrilled to work with Securitize and are focused on creating solutions in the digital assets space that help solve real problems for our clients."

CEO and co-founder of Securitize Carlos Domingo continued, "Tokenization of securities could fundamentally transform capital markets."