Odaily Planet Daily reported that Bloomberg previously revealed that BlackRock is studying the tokenization of ETFs linked to real-world assets such as stocks, but analysts believe that this transformation faces significant technical and regulatory challenges. ETFs are currently settled through Wall Street clearing houses, while blockchain transactions are instant and around the clock. Coordinating these systems creates complex issues for regulators and custodians. However, the regulatory environment in the Trump era is becoming more relaxed, and policymakers are open to allowing companies to test blockchain-based market projects in a controlled environment.

However, blockchain migration can enable features like instant settlement and stock splits, and the flexible design of ETFs makes them an ideal testing ground for this transformation. ETF tokenization will bring three core changes: first, extended trading hours, breaking through the constraints of conventional Wall Street trading hours and enabling 24-hour trading; second, global access, making U.S. financial products more accessible to overseas investors; and third, new collateral uses, creating new application scenarios as collateral in crypto networks. ( Wall Street Journal )