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BlackRock wants tokenized funds to back traditional Wall Street trades
BlackRock says tokenized fund shares could support round-the-clock transfers and collateral use, building on a crypto-market example that already serves institutional traders.
BlackRock sees tokenized funds becoming collateral for traditional Wall Street trades, building on BUIDL's existing use in crypto markets and new fund launches.
BlackRock expands its presence in tokenized assets: it added investment portfolios with Ondo, introduced BSTBL and BRSRV and announced tokenized functionality for European money market funds with $311 billion in combined assets. The firm also aims to generate USD $500 million annually with its digital asset business by 2030.