BlackRock Files to Launch Tokenized Fund, Advancing CEO's Crypto Technological Revolution Vision

BlackRock has filed to launch a tokenized private equity fund with Securitize, advancing its plan for a "technological revolution" involving bitcoin and crypto
The fund's documentation did not specify which cryptocurrencies it would hold, but a crypto called BlackRock USD institutional digital liquidity fund was created on ethereum
BlackRock CEO Larry Fink laid out a two-step plan ETFs as step one to get institutions into crypto, tokenization of assets as step two
Tokenization could make transferring assets like stocks and bonds cheaper and easier via blockchain
Infrastructure advances are making asset tokenization possible, which could be a long-term driver of crypto adoption