[BlackRock: Tokenized Funds Are Accelerating Integration into Wall Street’s Core Financial Infrastructure] Gold Finance reports that on October 19, according to Bloomberg, BlackRock stated that Wall Street’s application of blockchain is shifting from merely digitizing stocks, bonds, and money market funds toward transforming how these assets circulate within the financial system—focusing on using tokenized assets as collateral, enabling investors to trade 24/7, and reducing redemption demands during ownership transfers. Dan Maley, Head of BlackRock’s Asia-Pacific Cash Business, noted that BlackRock’s tokenized funds are already being used as collateral in the digital asset market, but expansion into traditional finance remains constrained by bank adoption, market infrastructure, and regulatory clarity. Since its launch in 2024, BlackRock’s first tokenized money market fund, BUIDL, has grown to approximately $2.3 billion; the company has launched tokenized cash products in the U.S. and Europe and received approval in September for a Hong Kong dollar digital liquidity fund.
BlackRock: Tokenized Funds Accelerate Integration into Wall Street’s Financial Infrastructure
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Summary
On October 19, BlackRock shared news on real-world assets (RWA), stating that Wall Street’s use of blockchain is evolving beyond digitized stocks and bonds to how assets move through the financial system. Tokenized assets are now being used as collateral, enabling 24/7 trading and reducing redemption requests. Dan Maley of BlackRock noted that tokenized funds are actively used in digital markets, but traditional adoption remains slow due to limited bank acceptance, infrastructure gaps, and regulatory hurdles. The firm’s BUIDL fund reached $2.3 billion since 2024, with tokenized cash products now available in the U.S. and Europe, and a Hong Kong dollar-denominated fund approved last month.
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