Analysis: BlackRock ETF tokenization is an ideal test site for blockchain settlement, but it still faces technical and regulatory challenges

According to ChainCatcher, according to Wall Street News, Bloomberg previously disclosed that BlackRock is studying to tokenize ETFs linked to real-world assets such as stocks, but analysts believe that this transformation faces major technical and regulatory challenges. Currently, ETFs are settled through Wall Street Clearing House, while blockchain transactions are instant and 24/7, coordinating these systems to bring complex problems to regulators and custodians. However, regulatory environments in the Trump era are becoming more relaxed, with policy makers open to allowing companies to test blockchain-based market projects in controlled environments. However, blockchain migration can realize functions such as instant settlement and share splitting, and the flexible design of ETFs makes it an ideal test site for this transformation. ETF tokenization will bring three core changes: First, the transaction time is extended, breaking through the regular trading time limit of Wall Street, and achieving 24-hour transactions; Second, global access, making US financial products easier for overseas investors to obtain; Third, new mortgage uses, creating new application scenarios as collateral in encrypted networks.