Wall Street’s Tokenization Race Heats Up as BlackRock Eyes On-Chain Funds

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The movement to bring traditional assets onchain is accelerating, with the latest and largest player making its move.

BlackRock is reportedly considering the tokenization of its vast array of ETFs, potentially allowing funds tied to stocks and other real-world assets to be represented and traded on a blockchain.

This development, reported by Bloomberg, places BlackRock alongside other financial giants like Fidelity and Nasdaq, who are also actively developing their own tokenized product offerings.

The asset manager’s immense success with its spot crypto ETFs—which gathered billions in record time—demonstrates its ability to move markets and legitimize new asset classes, suggesting its entry into tokenization could be a major catalyst for the entire sector.