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

PANews September 12th news, according to Bloomberg, BlackRock is studying how to tokenize traditional assets such as ETFs through blockchain, aiming to achieve 24/7 transactions, improve overseas accessibility, and provide new collateral for encrypted networks. Previously, BlackRock has launched the tokenized money fund BUIDL with a scale of over US$2 billion and has tested related products on platforms such as JPMorgan. The measure still requires regulatory approval. The current tokenized asset market size is about US$28 billion, far lower than the total U.S. ETF industry.