Today, BlackRock, the world’s largest asset manager, officially tokenized and onboarded its $311 billion European money market fund onto Ethereum—the largest single tokenized migration in traditional finance history. On the same day, BlackRock’s tokenized money market fund was launched as reserve-backed stablecoin assets under the配套 GENIUS Act regulatory framework. This follows Mastercard’s $1.8 billion acquisition of BVNK, Tether’s $1.5 billion net profit in Q2, and its $4.1 billion reserve buffer—marking traditional finance’s triple-pronged push: tokenization, acquisitions, and compliance. ETH’s value anchor is being reshaped: $311 billion in real-world capital has been tokenized on-chain, marking the first time ETH has served as the underlying asset for trillions in traditional financial flows. ETH’s staking rate has reached a record high of 33% (Bitwise report, as institutions continue accumulating PoS positions); institutional holder Bitmine now holds 4.8% of total ETH supply. Hyperliquid’s weekly RWA trading volume surpassed crypto perpetuals for the first time (HIP-3 reached $26 billion), confirming a structural inflection point in the RWA sector. This development coincides with an unusual 9:3 Fed rate decision split and hawkish pressure from Walsh, causing BTC to drop below $64,000 to a low of $63,267, with $686 million in total liquidations across the network in 24 hours (of which $440 million were short positions). BTC perpetual open interest remains elevated at $109 billion. Ironically, the influx of traditional capital failed to offset macro tightening; short-term funds shifted from BTC and major altcoins toward RWA and ETH sectors. Beneficiary ranking by sector: Top beneficiaries: ETH (value anchoring + staking yields), RWA protocols (Ondo, Maple), leading stablecoins (USDT/USDC); Medium beneficiaries: L2 chains (Base, Arbitrum); Under pressure: BTC (short-term capital drain), pure meme sectors. ① Core position: ETH—backed by BlackRock’s real capital; target range $1,900–$2,000; stop-loss at $1,800; ② Short-term trading in RWA leaders (Ondo/Maple): allocate 5–10% with rapid entry/exit; ③ Avoid BTC for now; do not dollar-cost average below $62,000; wait for the CLARITY vote in the first week of August before adding; ④ Long-term dollar-cost averaging in compliant stablecoin space (USDT, BlackRock’s BUIDL). Risk Disclaimer: The views, conclusions, and recommendations herein are for informational purposes only and do not constitute investment advice. The market carries risk; invest with caution.
BlackRock tokenizes a $31.1 billion fund on Ethereum, marking a new phase for the RWA sector
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Summary
Ethereum news broke as BlackRock tokenized a $31.1 billion European money market fund on the Ethereum blockchain, setting a new on-chain news benchmark. The move aligns with the launch of a tokenized fund under the GENIUS Act, using stablecoin collateral. On-chain news momentum follows Mastercard’s $1.8 billion acquisition of BVNK and Tether’s $1.5 billion Q2 profit. Ethereum’s staking rate reached 33%, while Hyperliquid’s RWA volume surpassed crypto perpetuals, signaling sector growth.
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