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Bloomberg reported that BlackRock is preparing to tokenize ETFs and other real-world asset (RWA) funds, expanding beyond its existing on-chain cash management product, BUIDL.
The move is pending regulatory approval, but it represents a major step toward bringing traditional investment vehicles onto blockchain rails.
BlackRock launched BUIDL with Securitize in 2024, giving institutions tokenized exposure to U.S. Treasuries.
Now, the firm wants to extend that model to ETFs and additional fund structures, which would mark the first time a traditional manager has tokenized mainstream funds at scale.