From Cointelegraph

May 09, 2025 5:34:00 pm:

Wall Street giant BlackRock met with the SEC Crypto Task Force to discuss staking in crypto ETPs and tokenization of securities, aiming to advance institutional interest in the industry. BlackRock sought perspectives on facilitating ETPs with staking capabilities, in line with its view that Ether ETFs are better with staking services.

Other crypto ETF issuers, like NYSE and Grayscale, also support introducing staking for Ether ETFs, with the SEC delaying a decision on the matter. BlackRock and Grayscale lead the largest Ether ETFs by market capitalization, paving the way for potential approval of staking for altcoins like Solana in the future.

BlackRock also explored the tokenization of securities within the federal regulatory framework, aiming to digitize traditional financial instruments like stocks and bonds. Tokenizing securities offers benefits like faster settlement times, lower costs, and 24-hour markets. BlackRock’s US federal debt tokenized fund, BUIDL, is the largest with a $2.9 billion market cap, competing with Franklin Templeton’s BENJI fund.

Robinhood is also venturing into securities tokenization, developing a blockchain to enable European retail investors to trade US securities like stocks. As the trend of tokenizing securities gains momentum, the competition in the $16.1 trillion TradFi tokenization race heats up, with Ethereum leading the charge.

Read more at Cointelegraph.com

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4. PayPal introduces new feature allowing customers to use cryptocurrency for online payments. Move seen as further mainstream adoption of digital assets.

5. Square purchases $170 million worth of Bitcoin, adding to company’s existing cryptocurrency holdings. CEO Jack Dorsey emphasizes belief in long-term potential of digital currencies.: BlackRock, crypto task force discuss ETP staking, tokenization