Will BlackRock, which manages $10 trillion, launch its own blockchain?

Source: beincrypto

Compile:Blockchainknight

Token Terminal, an on-chain data platform, said:BlackRock may launch its ownBlockchain, similar to Coinbase L2 Network Base.

The assumption was made after a survey of the various types of assets held by the asset management company.

BlackRock divides its Crypto holdings into three categories:Crypto assets such as BTC, stablecoins such as USDC, and tokenized assets such as BUIDL.

BlackRock reportedly believes that BTC has three distinct advantages as an asset.

First, BTC is an Internet native asset that can be used globally. Second, BTC is also very efficient in cross-border transactions. Finally, BTC's fixed supply cap makes it a tool to hedge against inflation.

Token Terminal highlighted the role of BlackRock’s iShares BTC ETF,It is expected that the company will productize all major Crypto assets in a similar manner..

It is worth noting thatXiaobai NavigationWhile BlackRock has already done this with Ethereum, the prospects for a Solana ETF remain elusive at this point.

不过，链上数据平台证明了贝莱德对Blockchain技术改善资本市场潜力的信念。Token Terminal 列举了全天候运行的资本市场、提高透明度和投资者准入、降低费用和加快结算等方面的优势。

This investigation led Token Terminal to conclude thatThe company could launch its own blockchain, much like Coinbase launched BaseL2 That.

Token Terminal concluded: “We believe that BlackRock will eventually launch its own blockchain, following a similar approach used by Coinbase on Base. This will enable BlackRock to centrally record all of its holdings into a single, global, interoperable and transparent ledger.”

BlackRock’s blockchain launch would mark a major shift in the traditional finance (TradFi) sector, heralding a move toward decentralized solutions.

Similar to Coinbase’s transformation into a Web3 gateway through Base, BlackRock’s blockchain initiative could elevate the company from a traditional asset manager to a leader in the digital asset space.

Whether BlackRock will launch its own blockchain remains unknown, as the company did not immediately respond to BeInCrypto’s request for comment. However, such a move would require clear regulations.

One user X commented: “As much as we want to see this, it simply won’t happen in the short term unless regulations and compliance are clear. This is for compliance reasons. It’s important to note that the entire blockchain ecosystem is huge, but how will they solve compliance issues?”

Using blockchain technology, BlackRock can simplify operations, reduce costs, increase transparency and enhanceSafetysex.

This approach has the potential to revolutionize trading and create a more efficient andSafetyfinancial ecosystem.

Additionally, this venture will also bring new opportunities for its customers and investors to acquire various digital assets.They will also be exposed to more seamless and user-friendly investment opportunities..

This will democratize access to financial products and solidify BlackRock’s position as a leader in digital asset management.

With the success of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), the company has set a new standard in the tokenization of real-world assets (RWAs).

BUIDL recently became the largest tokenized fund.Demonstrated the development and increasing integration of blockchain technology in the field of traditional finance (TradFi).

While overall demand for such tokenized products remains in its infancy, specific market segments continue to show encouraging interest.

BlackRock's BUIDL and Franklin Templeton's BENJI illustrate this point.

The article comes from the Internet:Will BlackRock, which manages $10 trillion, launch its own blockchain?

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