Overview

• Bloomberg reported that BlackRock is evaluating blockchain-based versions of ETF shares, a step that remains contingent on regulatory clearance.
• Tokenized shares could enable 24/7 trading, faster settlement, broader international access to U.S. products, and new on-chain collateral uses.
• The exploration extends BlackRock’s tokenization push following the March 2024 launch of its BUIDL tokenized money-market fund, which has grown to roughly $2.2 billion.
• BlackRock has tested tokenized fund shares through JPMorgan’s Kinexys infrastructure, while key hurdles include aligning instant on-chain settlement with clearinghouses and custodial processes.
• Nasdaq filed this week to trade tokenized stocks and ETFs, signaling competitive momentum in on-chain securities as tokenized money funds reached about $7.4 billion in market value.