BlackRock is working on bringing its exchange-traded funds onchain, potentially including those tied to stocks and other real-world assets, Bloomberg reported Thursday. The initiative would be dependent on regulatory approval.
The move aligns with growing institutional interest in asset tokenization. This week, Fidelity launched a blockchain-based money market fund, and Nasdaq is seeking SEC permission to trade tokenized securities.
BlackRock itself is a dominant force in crypto-based ETFs, with its IBIT and ETHA products having two of the fastest launches to $10 billion in assets under management.
