BlackRock wants tokenized funds to back traditional Wall Street trades

BlackRock has identified the use of tokenized investment funds as trading collateral in traditional financial markets as a potential next application for blockchain technology, building on existing arrangements that already allow institutional crypto traders to pledge tokenized fund holdings. BlackRock sees tokenized money market funds serving as collateral for trades across traditional financial markets. Its BUIDL fund already supports institutional collateral arrangements through Binance, providing an existing operational example. BlackRock's European tokenization rollout covers fund ranges managing USD 311 billion, not fully tokenized assets. Ondo introduced three portfolios using BlackRock investment strategies, making diversified exposure available through digital tokens.

Source: crypto.news