BlackRock Inc., the world's largest asset manager, is exploring the tokenization of its ETFs.
According to Bloomberg, this initiative could involve the creation of blockchain-based versions of funds containing real-world assets, such as stocks, a move that would be subject to regulatory approval.
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This exploration puts BlackRock at the forefront of a growing trend on Wall Street. The news follows recent tokenization efforts by Fidelity and Nasdaq's request to regulators for permission to trade tokenized securities.
BlackRock's foray into tokenization suggests that a deeper structural integration of blockchain technology into traditional finance is taking place.