Analysis: BlackRock's ETF tokenization may face significant technical and regulatory challenges due to settlement issues
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最新报道：According to Coinnet, Bloomberg previously revealed that BlackRock is exploring tokenizing ETFs tied to real-world assets like stocks. However, analysts believe this transition faces significant technical and regulatory challenges. Currently, ETFs are settled through Wall Street clearing houses, while blockchain transactions are instant and around the clock, creating complexities for regulators and custodians to coordinate these systems. However, the regulatory environment is becoming more relaxed under the Trump administration, with policymakers expressing openness to allowing companies to test blockchain-based market projects in controlled environments. Blockchain migration allows for features like instant settlement and stock splits, and the flexible design of ETFs makes them an ideal testing ground for this transformation. Tokenizing ETFs will bring three key changes: first, extended trading hours, breaking through the constraints of regular Wall Street trading hours and enabling 24-hour trading; second, global access, making U.S. financial products more accessible to overseas investors; and third, novel collateral uses, creating new application scenarios for ETFs as collateral in crypto networks.
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