According to the reports, Blackrock, the world’s largest asset manager, is exploring ways of tokenize funds quoted in exchange (ETF) in the block chain, after the strong performance of his ETF of Bitcoin Spot ETF.
Citing sources familiar with discussions, Bloomberg informed Thursday that the company is considering tokenize funds with real -world assets (RWA). However, any movement of this type would need to navigate regulatory obstacles.
The ETFs have become one of the most popular investment vehicles, so widespread, in fact, which now exceed the public list shares, according to Morningstar.
Token ETFs could allow them to trade beyond the standard hours of the market and use as guarantees in decentralized finance applications (DEFI).
Blackrock’s interest in tokenization is not new. It already manages the largest tokenized money market fund in the world, the Blackrock USD Institutional Digital Liquidity Fund (Buidl), which has $ 2.2 billion in assets in Ethereum, Avalanche, Apto, Polygon and other blockchains.
JPMorgan has called to Tokenization a “significant jump” for the $ 7 billion monetary market industry, pointing out the initiative launched by Goldman Sachs and Bank of New York Mellon, to which Blackrock will join in the launch.
According to the initiative, BNY clients will get access to money market funds with the property of shares directly registered in the Goldman Sachs private block chain.
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The increase in tokenized monetary market funds is not happening in a vacuum, but together with the growing pressures on traditional finances, particularly due to the rapid adoption of established and the change of liquidity in markets based on blockchain.
Cointelegraph reported in May that the US bank lobby. It was especially cautious of the stable that support performance amid the concerns that they could interrupt traditional banking models. In particular, such tokens were excluded from the United States Genius Law, the first integral legislation on Stablecoins.
In June, the JPMorgan strategist, Teresa Ho, said that the tokenized monetary market funds will probably continue to attract capital to the industry while improving their appeal as a guarantee. This, he said, could help preserve the “effective as an asset” in the face of the growing influence of Stablecoins.
“Instead of publishing cash, or publishing treasure, you can publish money market actions and not lose interest on the way. Talk about the versatility of money funds,” Ho to Bloomberg told.
Even so, analysts say that the growth of Stablecoin under genius will finally benefit tokenization by providing lighter and strongest rules in Blockchain markets.
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