BlackRock plans to put its flagship ETF on the blockchain! RWA tokenization may ignite a new track on Wall Street.

According to the latest report from Bloomberg, global asset management giant BlackRock is considering moving some of its exchange-traded funds (ETFs) onto the Blockchain and exploring fund tokenization schemes linked to real-world assets (RWAs). This move could bring billions of assets from TradFi onto-chain, becoming an important step for Wall Street in advancing the tokenization wave.

ETF on-chain plan revealed: covering stocks and RWA

According to informed sources, BlackRock's tokenization concept includes not only crypto assets but may also involve funds linked to real-world assets such as stocks. This means that in the future, investors may be able to hold tokenized ETFs directly on-chain that are linked to the S&P 500, government bonds, or other assets.

However, reports indicate that the plan still needs to consider regulatory factors, especially given that the stance of the U.S. Securities and Exchange Commission (SEC) on tokenized securities has not yet been fully clarified.

Crypto products perform brilliantly: Bitcoin and Ethereum ETFs lead the way

BlackRock's ETF performance in the crypto space has been quite impressive—its iShares Bitcoin Trust and iShares Ethereum Trust have both surpassed $10 billion in assets under management (AUM) in less than a year, making them two of only three similar products globally to reach this milestone.

In addition, BlackRock has launched the iShares Blockchain and Technology ETF, which invests in the stock index of crypto-related companies. Although it does not directly hold tokens, it similarly reflects its ambition in the digital asset space.

BUIDL Success Story: on-chain funds have surpassed 2 billion USD

BlackRock is not new to on-chain products. The BUIDL Dollar Institutional Digital Liquidity Fund launched in March this year became the first tokenized fund to surpass $1 billion in assets, currently managing over $2 billion in assets (RWA.xyz data).

The success of this fund provides a reference for BlackRock to advance ETF on-chain, and also shows that institutional investors' acceptance of on-chain assets is increasing.

Tokenization Wave Heats Up: The Intersection of Wall Street and the Crypto Space

BlackRock's actions come at a time when interest in tokenization has surged on Wall Street. Fidelity has launched a blockchain version of its government bond money market fund this week, while Nasdaq has applied to the SEC for permission to trade tokenized securities.

However, Bloomberg ETF analyst Eric Balchunas also reminds that while tokenization helps improve the back-end processes of TradFi, there are still challenges in the short term for the general public to shift from traditional ETFs to tokenized products—especially in terms of user education, regulatory compliance, and actual investment value.

Conclusion

BlackRock plans to tokenize ETFs with RWA, marking an accelerated integration of TradFi and Blockchain. Although regulation and market acceptance remain key variables, if the plan comes to fruition, it could inject liquidity on the order of hundreds of billions of dollars into the on-chain asset market, reshaping the way global capital markets trade. For investors, this is not only a product innovation but could also represent a historic turning point in asset allocation logic.