BlackRock: tokenized funds are changing the way financial assets are circulated

BlackRock stated that Wall Street's application of blockchain is shifting from asset digitization to changing the flow of financial assets, with a focus on serving as collateral and supporting 24/7 transactions. Dan Maley, the head of BlackRock's Asia Pacific cash business, stated that BlackRock's tokenized fund has been used as collateral in the digital asset market, but its expansion into traditional finance is still subject to bank acceptance, market infrastructure, and regulatory certainty. (Source: Bloomberg)