BlackRock ‘leading tokenisation of real-world assets on blockchains’
BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
Share
BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
“BlackRock has already got $16bn in their spot bitcoin ETF and they also have a dollar-denominated US Treasury Fund, which has been tokenised with immediate inflows of almost a billion dollars,” Walsh told Yahoo Finance’s Future Focus this week.
“It has seen huge demand and it gives them a market leading position.”
BlackRock’s use of blockchain technology was given a boost with the approval of their spot bitcoin exchange-traded fund (ETF), called the iShares Bitcoin Trust (IBIT), by the US Securities and Exchange Commission (SEC) in January of this year.
Related articles
-
How Stablecoins could redefine money movement in the Gulf
First published in Arabic on CNN Business Arabic, by Bandar Al Tunisi, Senior Advisor, Zodia Markets Stablecoins are emerging as the most compelling real-world application of blockchain technology, not as speculative assets, but as programmable representations of fiat currency that move at internet speed. By operating on permissionless ledgers, stablecoins enable frictionless value transfer anywhere…
-
Stablecoins and the future of money movement
Visa GCC Connect 2025 fireside chat with Usman Ahmad and Shahebaz Khan on stablecoins.
-
Zodia Markets joins Fireblocks Network for Payments, strengthening institutional stablecoin payments
The move gives Zodia Markets an enhanced competitive edge as it advances its strategy to deliver the most comprehensive institutional stablecoin payments orchestration worldwide.
-
Zodia Markets backs female grassroots cricket
The initiative is part of the firm’s Cricket for Her initiative, a commitment to helping female grassroots cricket thrive.
Latest
-
BlackRock ‘leading tokenisation of real-world assets on blockchains’
Brian McGleenon 14 June 2024·4-min read BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
-
Standard Chartered-Backed Zodia Markets to Buy Elwood Trading Desk
The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.
-
SEC likely to approve spot Ethereum ETFs on May 23: Standard Chartered Bank
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.