BlackRock, the world’s largest asset manager, plans to tokenize ETFs after the success of its Bitcoin ETF. The firm aims to make ETFs available as tokens on a blockchain, linked to real-world assets like stocks. This move could enable 24/7 global trading of BlackRock’s ETFs, previously limited to weekdays.

The New York-based firm, BlackRock, is no stranger to blockchain-based financial products, having launched a spot Bitcoin ETF and a tokenized money market fund in 2024. CEO Larry Fink believes all financial assets can be tokenized. This move by BlackRock could revolutionize traditional finance practices.

Other crypto-focused exchanges like Kraken and Robinhood already offer tokenized stocks. BlackRock’s potential move into tokenizing ETFs could mark a significant shift for the traditional finance giant. The development comes as Nasdaq has filed a proposal with the SEC to allow tokenized equities and ETPs to be traded on its main market, further highlighting the growing trend towards tokenization in finance.

Read more at Yahoo Finance: BlackRock plans to tokenize ETFs following its blockbuster Bitcoin ETF