Source: cryptoslate

Translation: Blockchain Knight

BlackRock is exploring the tokenization of ETF shares, a significant part of its strategy to break through traditional market boundaries and expand digital asset infrastructure.

According to a report by Bloomberg News on September 11, insiders revealed that the company is considering creating an ETF version linked to real-world assets (RWAs) such as stocks, based on blockchain technology, with related plans currently in a confidential stage.

This initiative builds on BlackRock's launch of a $2.2 billion BUIDL tokenized money market fund in March 2024, which came just two months after the debut of its Bitcoin ETF.

BlackRock CEO Larry Fink previously stated that all financial assets can be tokenized and reiterated this view in his annual letter to investors in 2025.

Tokenized ETF shares will achieve three main values: first, breaking through the standard trading hours limitations of Wall Street; second, enhancing global investors' accessibility to U.S. products; and third, creating new collateral opportunities within cryptocurrency networks.

Notably, during the week this report was published, Nasdaq also submitted an application to the SEC, planning to conduct trading of tokenized stocks and ETFs on its platform.

BlackRock has tested tokenized fund shares through JPMorgan's Kinexys infrastructure and positions itself as an "early adopter of digital settlement models."

The money market fund launched by Franklin Templeton and BlackRock has paved the way for large-scale tokenization practices. As of September 11, excluding private credit, tokenized money funds are the largest category of RWAs, with a market value of $7.4 billion.

Meanwhile, ETFs feature broader asset exposure and trading mechanisms more suited to blockchain deployment. Currently, exchanges like Kraken, Robinhood, and Coinbase have launched tokenized stocks in international markets or plan to advance related businesses.

However, the report points out that there are still key challenges: how to coordinate the "ETF settlement process of Wall Street clearinghouses" with "24/7 instant trading capabilities." These challenges present dual technical and regulatory issues for custodians managing the transition between traditional and digital infrastructures.

BlackRock's exploration reflects that mainstream financial institutions are assessing blockchain technology to enhance market infrastructure, including optimizing collateral liquidity efficiency and settlement speed.

The company's advocacy for digital assets, combined with changes in the regulatory environment, makes "tokenized ETFs" another important bridge connecting traditional finance and the DeFi system.

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