Ethereum

BlackRock

Coin

<p>The world of traditional finance is in the midst of a transformation with BlackRock’s decision to favor public blockchains, especially Ethereum, for its blockchain-based financial products. This major shift marks a turning point in the adoption of public blockchains. It also opens the door to a deeper integration of this technology into the workings of financial markets.</p>
<figure class="wp-block-image size-full"><img decoding="async" width="473" height="337" src="https://www.cointribune.com/app/uploads/2024/06/eth.jpg" alt="Ethereum" class="wp-image-700622" srcset="https://www.cointribune.com/app/uploads/2024/06/eth.jpg 473w, https://www.cointribune.com/app/uploads/2024/06/eth-300x214.jpg 300w" sizes="(max-width: 473px) 100vw, 473px">
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  Public blockchains, particularly Ethereum, represent the future (Source: <a href="https://x.com/sassal0x/status/1801450907189846143" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>)
 </figcaption>
</figure>
<h2 id="h-blackrock-and-public-blockchains-a-new-direction">BlackRock and public blockchains: a new direction</h2>
<p>Until now, BlackRock tended to favor <a href="https://www.cointribune.com/et-la-blockchain-quest-ce-que-cest/" target="_blank" rel="noopener noreferrer nofollow">private blockchains</a>. However, experience has shown that public blockchains, like Ethereum, offer significant advantages in terms of <strong>transparency, accessibility, and governance</strong>.</p>
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<h3 id="h-transparency-on-ethereum">Transparency on Ethereum</h3>
<p>Transactions on Ethereum are visible to everyone, allowing investors to <strong>track capital flows in real-time</strong> and ensure the proper execution of operations. This increased transparency is essential for:</p>
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 <li>strengthening trust in blockchain-based financial products,</li>
 <li>attracting a broader audience of investors.</li>
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<h3 id="h-accessibility">Accessibility</h3>
<p>Public blockchains (like Ethereum) are open to everyone. This allows anyone to <strong>participate in the network</strong> and interact with <a href="https://www.cointribune.com/quest-ce-quune-application-decentralisee-dapp/" target="_blank" rel="noopener noreferrer nofollow">decentralized applications (dApps)</a> built on them. This open accessibility fosters innovation and the creation of new financial products.</p>
<h3 id="h-governance">Governance</h3>
<p>Ethereum and all other public blockchains are <strong>managed in a decentralized manner</strong>.</p>
<p><strong><u>Explanation:</u></strong> users have a say in the development and evolution of the platform. This participatory governance promotes accountability.</p>
<h2 id="h-blackrock-s-first-tokenization-project-on-ethereum">BlackRock’s first tokenization project on Ethereum</h2>
<p>To solidify its commitment to public blockchains, BlackRock launched its <strong>first tokenization project on the Ethereum blockchain</strong>.</p>
<p>This <a href="https://bitcoinist.com/ethereum-wins-permissioned-blockchains-blackrock/?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noopener noreferrer nofollow">project</a> involves converting a traditional investment fund, “Institutional Digital Liquidity,” into digital tokens based on Ethereum. These digital tokens, denominated in <strong>USD Coin (USDC)</strong>, provide investors with transparent and secure access to portfolio diversification.</p>
<p>BlackRock’s decision to adopt Ethereum is a strong signal of the growing maturity of the cryptocurrency market.</p>

Ethereum powered by BlackRock: A €100 million alliance that changes everything

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