BlackRock Developing Tokenization Tech Amid Bitcoin, Ethereum ETF Success
BlackRock, the world’s largest asset manager with $13.46 trillion under management, is developing its own technology for digital representations, or tokenization, of traditional assets. CEO Larry Fink stated that offering tokenized ETFs could broaden market access and lower fees by reducing intermediaries. BlackRock is in talks with major financial platforms about integrating its tokenization efforts and sees rapid movement toward digitizing all assets as essential. While not currently focusing on real estate tokenization, Fink believes it could make home ownership more affordable by minimizing intermediary costs. Tokenized assets have gained traction with younger investors, and Fink sees early exposure to such products as beneficial for long-term planning. BlackRock’s BUIDL fund, at $2.8 billion, is among the largest tokenized assets, and the firm recently invested in Securitize, a key player in this space. BlackRock also manages the largest Bitcoin and Ethereum ETFs. Fink indicated that significant developments in tokenization technology and strategy are forthcoming, but public details will emerge over the next few years.
