BlackRock's 2024 Tokenization Move Accelerates Institutional Adoption on Wall Street
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BlackRock’s 2024 tokenization push with Securitize is speeding up blockchain adoption on Wall Street. Regulatory clarity and SEC support have lowered risk perceptions, pushing major firms to explore blockchain-based securities. On-chain ledgers now enable atomic settlement, cutting intermediaries and settlement time. Carlos Domingo of Securitize said BlackRock’s move brought tokenization into the mainstream. Firms are now focused on faster settlement, lower costs, and fewer middlemen. SEC Chair Paul Atkins has backed responsible blockchain use, encouraging traditional players to test on-chain issuance. BlackRock’s move triggered action from Apollo and JPMorgan. Tokenization replaces fragmented systems with a single ledger, reducing intermediaries. Securitize estimates the tokenized market at $25–30 billion, with $2 trillion expected. Interest has shifted from illiquid to liquid assets like stablecoins and tokenized Treasuries. A new tokenized CLO product from Securitize and BNY is now live.
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