BlackRock Looks To Tokenize Its Blockbuster ETFs for 24/7 Trading

Core Insights - BlackRock is planning to tokenize its top-performing ETFs, marking a significant step in the integration of traditional finance with digital assets [1][4][7] Group 1: Tokenization Initiative - The initiative aims to convert ETFs with exposure to equities and bonds into blockchain-based tokens, enabling 24/7 trading and fractional ownership [2][3] - Tokenized ETFs could feature programmable elements like automated dividend distribution and enhance global access beyond traditional market hours [3][7] Group 2: Market Context and Competition - The move aligns with a broader trend on Wall Street exploring tokenization as the next frontier in financial markets, with other financial giants like Goldman Sachs and JPMorgan also testing tokenization [4][5] - BlackRock's existing presence in blockchain finance includes the USD Institutional Digital Liquidity Fund (BUIDL), the largest tokenized money market fund managing over $2.2 billion [6][7] Group 3: Leadership Perspective - CEO Larry Fink has emphasized the inevitability of tokenization, suggesting that "every financial asset can be tokenized" to enhance efficiency and reduce costs [8]