Overview
- Bloomberg reports BlackRock is evaluating on‑chain versions of ETFs tied to real‑world assets such as stocks, with any rollout contingent on approvals.
- Early tests have used JPMorgan’s Kinexys/Onyx infrastructure to trial settlement and custody workflows for tokenized fund shares.
- Potential benefits cited include 24/7 trading, near‑instant settlement, broader global access, and use of ETF tokens as collateral in DeFi.
- The push builds on BlackRock’s BUIDL tokenized money‑market fund, now about $2.2 billion, and momentum from its spot crypto ETFs.
- Industry activity is accelerating as Nasdaq seeks SEC permission to trade tokenized stocks and ETFs, yet tokenized assets total roughly $29 billion versus a $8 trillion U.S. ETF market.