BlackRock, one of the world's largest asset managers, is exploring the possibility of tokenizing its ETFs on the blockchain following successful launches of liquid products based on Bitcoin and Ethereum.
Current Achievements of BlackRock in the ETF Market
BlackRock already offers several crypto-related products, including ETFs for Bitcoin and Ethereum. According to Farside Investors, their Bitcoin ETF has attracted $59.513 billion, significantly more than the nearest competitor, Fidelity's FBTC at $12.321 billion.
Planned Tokenization of ETFs
Reports indicate that BlackRock is considering tokenizing funds that provide access to real-world assets. However, such initiatives will be subject to regulatory oversight. BlackRock's Ethereum ETF also showcases good performance but trails behind Bitcoin in total inflows.
Overall Trend in Traditional Finance Space
BlackRock is not the only company expanding its presence in the blockchain space. Other traditional financial organizations like Goldman Sachs and Nasdaq are also experimenting with tokenization. This movement is part of efforts to maintain leadership amid rising interest in stablecoins and the migration of liquidity to the blockchain.
Thus, BlackRock continues to actively develop its position in the ETF market and is considering the opportunities presented by tokenization technology. This trend is also evident among other major financial players.
