In the United States, the speed at which the boundaries between securities and virtual ...

Larry Fink's BlackRock leads Wall Street's push into blockchain tokenization by exploring ETF tokenization for 24/7 trading and instant settlement.

BlackRock is preparing to tokenize its exchange-traded funds (ETFs) for blockchain trading, targeting institutional investors who face restrictions accessing traditional virtual assets. The move follows BlackRock's successful launch of BUIDL, a tokenized money market fund with $2.2 billion market cap representing nearly 30% of the tokenized MMF market. Meanwhile, Nasdaq has petitioned the SEC to allow tokenized securities trading with full legal rights equivalent to traditional stocks.

• BlackRock plans 24/7 ETF trading with instant settlement through blockchain tokenization
• BUIDL tokenized fund captures 29.73% of total tokenized money market fund market share
• Nasdaq requests SEC approval for tokenized securities with complete shareholder rights
• Competition intensifies as emerging platforms like Robinhood expand tokenized trading services