BlackRock is preparing to tokenize its exchange-traded funds (ETFs) and other real-world asset (RWA) funds, pending regulatory approval. This step could mark the first time a traditional asset manager tokenizes mainstream funds at scale, significantly impacting the financial landscape. The initiative builds on BlackRock's existing on-chain cash management product launched with Securitize in 2024, which provided institutions tokenized exposure to US Treasuries. Possible fund types for tokenization include equity ETFs, bond funds, money market funds, real estate funds, and private credit funds, potentially representing trillions in assets. If successful, this move would enable 24/7 settlement, faster transfers, and integration into decentralized finance (DeFi). Furthermore, it signals a growing acceptance of crypto and blockchain technology in traditional finance. Market experts believe that if BlackRock receives the green light, it could lead to broader adoption and increased liquidity within the crypto market, particularly benefiting Ethereum.

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