BlackRock, crypto task force discuss ETP staking, tokenization
BlackRock recently met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss the integration of staking within crypto exchange-traded products (ETPs) and the tokenization of securities. This discussion marks a significant movement in institutional engagement with the crypto sector. Staking for Ether ETFs has become particularly prominent in 2025, with major firms like Grayscale and Fidelity seeking amendments to allow staking functionality. Approval of such measures could further open the door for staking requests related to various altcoins. The concept of tokenization was also on the agenda, which entails transforming traditional financial instruments, like stocks and bonds, into digital tokens. This process promises benefits like faster transaction times and reduced costs compared to traditional financial systems. BlackRock has already launched a tokenized fund focusing on U.S. federal debt, known as BUIDL, which has a market cap of $2.9 billion. Additionally, other firms, such as Robinhood, are exploring opportunities for securities tokenization to enhance retail investors' access to U.S. markets.
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