Catenaa, Monday, September 15, 2025- BlackRock is considering bringing some of its flagship exchange-traded funds onchain, potentially expanding into tokenized products linked to real-world assets such as stocks, according to a Bloomberg report.
The New York-based asset manager, which oversees the world’s largest crypto-linked ETFs, is weighing the move amid rising interest across Wall Street in tokenized securities. Sources familiar with the matter told Bloomberg the initiative remains subject to regulatory review.
BlackRock already manages the iShares Bitcoin Trust and iShares Ethereum Trust, which have amassed $55 billion and $12.7 billion in inflows, respectively.
Both reached $10 billion in assets under management in less than a year, among the fastest-growing ETFs ever launched.
The company has prior experience in the space through its BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, which became the first tokenized fund to surpass $1 billion earlier this year and now manages more than $2 billion.
The push comes as Fidelity, Nasdaq and other financial giants test blockchain-based funds and tokenized securities.
Fidelity recently tied a Treasury money market fund to a digital token, while Nasdaq has applied for U.S. regulatory approval to trade tokenized products alongside traditional stocks.
BlackRock CEO Larry Fink has said he expects all financial assets to eventually be tokenized. Analysts, however, remain divided on whether investors will shift from traditional ETFs to onchain versions, with some suggesting tokenization’s impact may be more operational than consumer-facing.
