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.

Stay informed

Catch Zodia Markets in the latest news.

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

  • Digital Déjà Vu – Voyager Digital and Knickerbocker Trust

    Digital Deja Vu Voyager Digital and Knickerbocker Trust 1

    This story covers three topics. First, as markets evolve, they often see a wave of new entrants who are subject to lower regulatory requirements than the incumbents, sometimes known as ‘regulatory arbitrage’.

    Read more: Digital Déjà Vu – Voyager Digital and Knickerbocker Trust
  • Digital Déjà Vu – ICOs and 17th Century Treasure Hunters

    Digital Deja Vu – ICOs and 17th Century Treasure Hunters 1

    Cryptoasset markets are often thought of as innovative, which is true in some cases, but not all. Slow processes and regulation can certainly be frustrating, but market participants should always be careful to not be blinded by neophilia, or a love of novelty.

    Read more: Digital Déjà Vu – ICOs and 17th Century Treasure Hunters
  • Responsibility and Sustainability in a Decentralised Environment: The ETH Merge

    Responsibility and Sustainability in a Decentralised Environment The ETH Merge 1

    The Ethereum merge, completed in September, transitioned the blockchain’s consensus mechanism from an energy-intensive proof-of-work (POW) to a proof-of-stake (POS) protocol. This has reduced energy consumption by more than 99.9%.1

    Read more: Responsibility and Sustainability in a Decentralised Environment: The ETH Merge
  • Zodia Markets signs Armed Forces Covenant

    Zodia Markets signs Armed Forces Covenant 1

    Zodia Markets is proud to announce its signing of the Armed Forces Covenant, demonstrating its commitment to treat fairly those who serve, or have served in the military, and their families, and emphasising the company’s dedication to fulfilling its social responsibilities.

    Read more: Zodia Markets signs Armed Forces Covenant

Latest