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Blackrock wants to extend beyond its Buidl monetary market fund and bring Crypto ETF, actions and other chain people. Is the financial market revolution here?
Blackrock would have explored the expansion of its range of token products to cover its popular crypto and other funds negotiated in exchange (ETF).
According to a report By Bloomberg, the largest asset manager in the world is thinking about the whole segment and even brings actions on the chain to be exchanged as digital tokens.
However, the plan would be subject to regulatory approval, according to the report, citing people familiar with the issue.
Blackrock crypto bet
In less than two years since the launch of its place Bitcoin (BTC) And Ethereum (ETH) ETFS, Blackrock’s Crypto Holdings increased to $ 100 billion.
Its first tokenized monetary market fund, BUIDL (BlackRock USD Institutional Liquidity Fund), was launched in March 2024.
Now the product has a market cap $ 2.2 billion, held by 90 companies and spreads on six channels. At the start of this year, the CEO of Blackrock Larry Fink said,,
“Each asset can be tokenized … If this happens, the investment will be revolutionized. The markets would never need to close. The establishments would be instantaneous. »»
He added that it would be the most disruptive innovation since ETF “.
However, some criticisms have further questioned the value of such a decision. According to Bloomberg ETF analyst, Eric Balchunas, the “chain” group was still too small to justify the media threshing.
“I don’t see the value add so that the consumer makes them change. FNBs are always underestimated. ”
Source: X
Interestingly, the Nasdaq too request For the dry to allow it to list token actions with equal rights as traditional actionary.
That said, tokenized actions will always be titles, according to to the SEC HESTER PIIRCE commissioner. Therefore, they must always follow the law of securities.
But regulators run to offer clear rules for the road in the middle of growing interest in the segment.
