On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon speaks with Zodia Markets Ireland Chair Michael Walsh, discussing BlackRock's market-leading position in the tokenisation of real-world assets on blockchains.
Walsh highlighted BlackRock's advancements to date, noting their spot bitcoin exchange-traded funs (ETF) inflows, and a dollar-denominated US Treasury Fund tokenised on the Ethereum blockchain, which saw nearly a billion dollars in immediate inflows post-tokenisation.
Walsh maintains the developments positions BlackRock as having first-mover advantage in the burgeoning tokenisation sector.
The approval of BlackRock's iShares Bitcoin Trust by the SEC in January marked a pivotal moment, with BlackRock CEO Larry Fink predicting that ETFs are just the beginning of a technological revolution, ultimately leading to the tokenisation of all financial assets.
