BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries: Report

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By Helene Braun , AI Boost | Edited by Stephen Alpher Sep 11, 2025, 7:23 p.m. What to know : BlackRock is considering placing exchange-traded funds tied to stocks onto public blockchains, according to Bloomberg. The move would follow the firm's $2.2 billion tokenized money market fund, which quickly became the largest of its kind. Tokenized ETFs could enable faster settlement, 24/7 trading, and broadened access for global investors. BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The discussions follow BlackRock’s first experiment with tokenization last year. The firm introduced the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL. The fund, which is backed by short-term U.S. Treasuries, repurchase agreements and cash, has quickly grown into the world’s largest tokenized Treasury product, managing nearly $2.2 billion. Tokenizing ETFs would represent a deeper step into blockchain-based financial products. In practice, it would mean that shares of the funds — traditionally traded on stock exchanges during market hours — could be issued and transacted as tokens on chain. Proponents argue this shift could bring clear benefits. A tokenized ETF could be traded around the clock, rather than only during exchange hours. Settlement, which often takes two business days in traditional finance, could be completed within minutes. Investors in markets where ETFs are not easily accessible might gain exposure through blockchain rails. The products are pending a green light from regulators, the people said. BlackRock’s exploration underscores a wider trend across finance, as banks, fintechs and asset managers test blockchain rails for bonds, private credit and now mainstream equity funds. BlackRock Tokenization AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Rising Jobless Claims Eclipse Inflation Data as Recession Fears Resurface By Helene Braun , AI Boost | Edited by Stephen Alpher 3 hours ago Initial jobless claims surged to 263,000 last week — the highest in 4 years — signaling weakening growth and bringing stagflation fears to the forefront. What to know : Investors shrugged off August's hotter-than-expected inflation data and instead zeroed in on surging initial jobless claims that point to a cooling labor market. The combination of rising prices and weakening job numbers is raising fresh concerns about stagflation — a rare and troubling economic scenario. Crypto markets initially dipped on the faster than expected inflation data, but quickly rebounded. Altcoins, including solana, XRP and dogecoin rose. 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