BlackRock’s planned tokenized fund launch will bring legitimacy to public blockchains such as Ethereum, according to analysts at research and brokerage firm Bernstein.
BlackRock, the world’s largest asset manager, recently announced its first tokenized fund, the USD Institutional Digital Liquidity Fund.
BlackRock’s Fund Brings Legitimacy To Blockchains
BlackRock’s first tokenized fund runs on the Ethereum blockchain. According to analysts at Bernstein, BlackRock’s latest move brings legitimacy to public blockchains such as Ethereum. According to analysts Gautam Chhugani and Mahika Sapra, BlackRock’s decision to use a public blockchain, such as Ethereum, instead of private chains like JPMorgan’s Onyx broadens interoperability and programmability in a space that has largely been viewed as retail casinos.
The report added that BlackRock’s move could encourage more traditional institutional customers to adopt on-chain funds.
“Tokenised fund redempti
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