BlackRock studies tokenize traditional assets through blockchain to enable 24/7 transactions

According to PANews, 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 crypto 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.