Join Our Telegram channel to stay up to date on breaking news coverageFollowing the success of its spot Bitcoin and spot Ethereum ETFs (exchange-traded funds), asset management giant BlackRock is reportedly looking to tokenize its ETFs on the blockchain. Both BlackRock’s spot Bitcoin and spot Ethereum ETFs reached $10 billion in assets under management in one year or less. In addition to those ETFs, BlackRock also offers lesser-known “thematic” funds like the iShares Blockchain and Tech ETF, which invests in an index of crypto-related companies. BlackRock Already In The Nascent Tokenization SpaceThe reported plans to tokenize its ETFs comes as BlackRock already manages the world’s largest tokenized money market fund called the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). A couple of months after that in July, Goldman Sachs and BNY Mellon partnered to launch a tokenized money market funds solution.