BlackRock is exploring the tokenization of traditional assets such as ETFs through blockchain

ChainCatcher news, according to Bloomberg, BlackRock is exploring how to tokenize traditional assets such as ETFs through blockchain, aiming to enable round-the-clock trading, enhance overseas accessibility, and provide new types of collateral for the crypto network.

Previously, BlackRock launched a tokenized money market fund BUIDL with a scale of over $2 billion and tested related products on platforms like JPMorgan. This initiative still requires regulatory approval, and the current market size for tokenized assets is approximately $28 billion, which is far lower than the total size of the U.S. ETF industry.