Markets.News
BlackRock Inc., the largest asset manager globally, is considering tokenizing its exchange-traded funds (ETFs), following a trend in Wall Street to bring tangible assets onto blockchains. The company's stock (NYSE: BLK) is currently experiencing an upward trend. The possible ETF tokenization would require approval from regulators, as reported by Bloomberg, citing sources familiar with the matter. This move would essentially transform fund shares, traditionally traded on stock exchanges during market hours, into tokens on the blockchain. Under its brand iShares, BlackRock offers a variety of ETFs, including popular options like iShares MSCI Emerging Markets ETF (NYSE: EEM), iShares Bitcoin Trust ETF (NASDAQ: IBIT), among others. This development hints at a potential shift towards availability of ETFs 24x7. For further details, visit Benzinga.com.