Reported 7 months ago
BlackRock is at the forefront of the tokenisation of real-world assets on blockchains, with Zodia Markets Ireland chair Michael Walsh highlighting BlackRock's initiatives in tokenising assets like spot bitcoin ETFs and US Treasury Funds. BlackRock's use of blockchain technology was boosted by the approval of their spot bitcoin ETF, leading to the creation of their tokenised fund, BUIDL, on the ethereum network. Walsh emphasized the transformative potential of asset tokenisation in simplifying transactions and increasing financial accessibility, democratizing access to exclusive financial products like private equity and opening opportunities for retail investors, while also recognizing the need for regulatory frameworks to support its adoption.
Source: YAHOO