Ethereum

Bitcoin ETF

Rewards

BlackRock

<p>BlackRock’s plan for its first tokenized fund will help to bring “legitimacy” to Ethereum and other public smart chains that so far have been seen ”as retail casinos,” says <a href="https://www.bing.com/ck/a?!&amp;&amp;p=40179a7ae56f2b21JmltdHM9MTcxMTQ5NzYwMCZpZ3VpZD0yNzRmZWExZS0xM2IwLTYzMjMtMTA0My1mZTUxMTI0YzYyNDgmaW5zaWQ9NTE5Nw&amp;ptn=3&amp;ver=2&amp;hsh=3&amp;fclid=274fea1e-13b0-6323-1043-fe51124c6248&amp;psq=bernstein+brokerage&amp;u=a1aHR0cHM6Ly93d3cuYmVybnN0ZWluLmNvbS8&amp;ntb=1" target="_blank" rel="noopener noreferrer nofollow">brokerage firm</a> Bernstein.</p>
<p>Analysts Gautam Chhugani and Mahika Sapra said in a Mar. 26 note that the fund management titan’s planned USD Institutional Digital Liquidity Fund will encourage ”more traditional institutional customers to adopt on-chain funds,” and thus drive institutional utility for Ethereum and other public blockchains.</p>
<p>BlackRock’s <a href="https://insidebitcoins.com/news/blackrock-to-launch-digital-asset-fund-on-ethereum" target="_blank" rel="noopener noreferrer nofollow">tokenized fund</a> marks an effort to venture deeper into the cryptocurrency industry after the fund manager launched a spot Bitcoin ETF (exchange-traded fund (ETF) in January.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🔴 <a href="https://twitter.com/hashtag/Bernstein?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bernstein</a>: <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a>'s tokenized fund brings legitimacy to public blockchains.</p>
 <p>✅ The analysts said that tokenized funds could also become a new growth category for asset managers, evolving from simple ETF investing to creating "on-chain" products. <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BlackRock</a> <a href="https://twitter.com/hashtag/Securitize?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Securitize</a> <a href="https://t.co/IlrhZbeK4V" rel="noopener noreferrer nofollow">pic.twitter.com/IlrhZbeK4V</a></p>
 <p>— Dvizh 🇺🇦 (@dvizh_com) <a href="https://twitter.com/dvizh_com/status/1772930118010151149?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="blackrock-bringing-crypto-and-tradfi-together">BlackRock Bringing Crypto And TradFi Together</h2>
<p>The analysts said that while tokenized funds are not new, BlackRock’s offering is unique as it brings together players from both the traditional financial industry and the crypto sector.</p>
<p>BlackRock is using Securitize as the tokenization platform for the fund. Other crypto players like Coinbase, BitGo, and Fireblocks were named as custodians, and settlement partners for the fund’s digital assets.</p>
<p>BNY Mellon will promote the interoperability of the fund with traditional markets as a custodian for the fund’s assets.</p>
<p>This model will “facilitate interoperability between both sides and would comfort more traditional customers to adopt on-chain funds, without major friction points,” the Bernstein analysts said.</p>
<p>BlackRock’s fund also acts as a major test case for institutions to leverage instant, transparent and efficient blockchain settlements at reduced costs, it added.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-bitcoin-jumps-13-in-a-week-as-whale-moves-6b-and-investors-migrate-to-this-bitcoin-derivative-with-10x-potential" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: Bitcoin Jumps 13% In A Week As Whale Moves $6B And Investors Migrate To This Bitcoin Derivative With 10X Potential</a></li>
 <li><a href="https://insidebitcoins.com/news/sec-asks-court-to-hit-ripple-labs-with-1-95-billion-fine" rel="noopener noreferrer nofollow">SEC Asks Court To Hit Ripple Labs With $1.95 Billion Fine</a></li>
 <li><a href="https://insidebitcoins.com/news/grayscale-sees-ethereum-etf-approval-in-may-despite-lack-of-sec-engagement" rel="noopener noreferrer nofollow">Grayscale Sees Ethereum ETF Approval In May, Despite Lack of SEC Engagement</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">Smog (SMOG) - Meme Coin With Rewards</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2024/02/smog-token.svg" alt="Smog token" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Airdrop Season One Live Now</li>
      <li>Earn XP To Qualify For A Share Of $1 Million</li>
      <li>Featured On Cointelegraph</li>
      <li>Staking Rewards - 42% APY</li>
      <li>10% OTC Discount - smogtoken.com</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2024/02/smog-token.svg" alt="Smog token" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/smog" title="Start Trading" rel="noopener noreferrer nofollow">Visit Site</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

BlackRock’s Tokenized Fund Set To Bring Legitimacy To Ethereum And Other Blockchains Seen As ”Retail Casinos,” Bernstein Says

Table of Contents

Inside Bitcoins

Other articles published on Mar 27, 2024

KuCoin Fate Similar To FTX? Here’s What CryptoQuant CEO Says

Ethereum ETF Looks Inevitable As Fidelity Files For Spot ETH ETF, Staking Included

Coinbase's L2 Network Base Surpassed $1 Billion in TVL

Missed Dogwifhat and SHIB meme coin rally? Milei Moneda might be next in line

Ripple Clashes with SEC Over Proposed Multi-Billion Dollar Penalty

Munchables NFT-gaming project recovers from $62 million hack

Join our free newsletter for daily crypto updates!