BlackRock, the world's largest asset manager, has taken its first step into the world of tokenisation.
In brief:
- BlackRock, the world's largest asset manager known for launching its Bitcoin ETF earlier this year, aims to tokenize $10 trn of its assets in partnership with Securitize.
- This move highlights BlackRock’s commitment to innovation and signals a broader trend that could redefine investment strategies fundamentally: the rise of Real World Assets (RWA) tokenization.
- RWA tokenization converts the rights of diverse assets, from bonds and equity to real estate and cultural assets, into blockchain-based digital tokens, which promises enhanced liquidity, evidence of ownership, and transparency
What does this mean?
“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s head of digital assets. “We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize.
"Tokenization of securities could fundamentally transform capital markets," added Securitize co-founder and CEO Carlos Domingo.
