BlackRock Seeks to Tokenize ETFs After Bitcoin Fund Breakthrough

BlackRock Inc. is exploring how to give one of Wall Street’s biggest investment products a digital makeover.

The world’s largest asset manager is weighing ways to make exchange-traded funds available as tokens on the blockchain, according to people familiar with the matter, who declined to be identified citing confidential information. The New York-based firm is working on tokenizing funds tied to real-world assets, such as stocks, subject to regulatory considerations, the people said.

In 2024, BlackRock launched a tokenized money-market fund, known as BUIDL, which has grown to more than $2 billion and is popular on crypto platforms. It also ...