BlackRock Embraces Tokenization in ETF Strategy

Financial giant BlackRock is leveraging the success of its Bitcoin ETF and a tokenized money market fund to push forward with tokenized Exchange-Traded Funds (ETFs). This strategy aims to expand access for global investors and facilitate off-hours trading. The company’s recent milestone of exceeding $10 billion in assets under management for its iShares Bitcoin Trust and BUIDL fund, demonstrates the potential for this approach.