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BlackRock Files to Launch Tokenized Shares Through BNY Mellon—Wall Street’s Latest Crypto Ploy
BlackRock Files to Launch Tokenized Shares Through BNY Mellon—Wall Street’s Latest Crypto Ploy
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BlackRock just lobbed another grenade into traditional finance’s trenches. The asset management giant filed paperwork to offer tokenized shares via BNY Mellon—because why bother with old-school custody when you can blockchain-ify the whole system?
Wall Street’s slow-motion embrace of crypto continues. First spot Bitcoin ETFs, now this. Tokenization cuts out middlemen, bypasses settlement delays, and lets institutions pretend they’re innovating while chasing yield. The irony? They’ll probably charge the same 2% fees for ’digital asset infrastructure.’
Watch the legacy players scramble. When BlackRock zigzags toward crypto, the whole industry follows. Even if they still don’t quite get it.
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