DeFi· ★★★★· bullish·

BlackRock seeks to speed up tokenization of traditional finance

  • —BlackRock aims to let tokenized funds circulate as collateral without conversion to cash
  • —BUIDL is already used as crypto collateral but not in traditional finance
  • —IMF and ISDA flag platform fragmentation and legal risks
  • —CFTC chair Michael Selig pushes 'mass tokenization' and on-chain rules
Why it matters: If banks and regulators accept tokenized funds as collateral, crypto infrastructure could connect to multi-trillion-dollar capital markets.
Source: Cryptoast
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