BlackRock, the world's largest asset manager (~$10T AUM), aggressively pursues RWAs to bring trillions in traditional finance onchain—tokenizing bonds, real estate, equities, and cash for 24/7 liquidity, fractional ownership, and DeFi composability. CEO Larry Fink calls it the "next generation for markets," predicting everything tokenizes (e.g., one-click stock trades). Leveraging BUIDL (BlackRock USD Institutional Digital Liquidity Fund, their $500M onchain money market fund on Ethereum since March 2024), they focus on fixed-income and money market RWAs for institutions.
Key Products/Initiatives:
BUIDL Fund: ~$500M tokenized fund holding US Treasuries/cash equivalents as ERC-20 tokens (launched 2024, tokenized $160M+ assets). Yields ~5% via repo markets; partners with Securitize/tradfi banks for custody. First for their ETF assets' cash—$1B+ tokenized ETF inflows by Nov 2025.
Tokenized Funds: Pilots with tokenized US Treasuries (via Circle's USDC integration) and money market funds; filed for spot ETH ETF (ETHA, ~$3.8B AUM vs. IBIT's $44.5B BTC ETF).
Partnerships: With Ondo Finance for tokenized Treasuries ($231M OUSG fund); JPMorgan/Societe Generale for repo pilots. Aims for Eurozone tokenized funds; explores real estate/equities next.
Bitcoin/ETH ETFs: IBIT ($44.5B AUM, largest by holdings); ETHA ($3.8B)—bridges TradFi to crypto, driving RWA inflows (Fink: BTC ETFs = "raging fire" for adoption).
BlackRock's RWA push (~$2B tokenized assets) contrasts LeoStrategy's LEO-backed RWAs (TTSLA/TGLD yields 3-20% APR vs. BlackRock's stable ~5%, but onchain/DeFi-native). They're TradFi-to-blockchain; LeoStrategy community-driven. Exciting convergence—BlackRock validates while we roar ahead on LeoDex.
LeoDex & Tokenized RWAs (Nov 15): Khal on RWA synergies with LeoStrategy. Post
Deep Dive on LeoStrategy & RWAs (Oct 20): Tokenization vision vs. TradFi giants like BlackRock. Post
BlackRock, the world's largest asset manager (~$10T AUM), aggressively pursues RWAs to bring trillions in traditional finance onchain—tokenizing bonds, real estate, equities, and cash for 24/7 liquidity, fractional ownership, and DeFi composability. CEO Larry Fink calls it the "next generation for markets," predicting everything tokenizes (e.g., one-click stock trades). Leveraging BUIDL (BlackRock USD Institutional Digital Liquidity Fund, their $500M onchain money market fund on Ethereum since March 2024), they focus on fixed-income and money market RWAs for institutions.
Key Products/Initiatives:
BlackRock's RWA push (~$2B tokenized assets) contrasts LeoStrategy's LEO-backed RWAs (TTSLA/TGLD yields 3-20% APR vs. BlackRock's stable ~5%, but onchain/DeFi-native). They're TradFi-to-blockchain; LeoStrategy community-driven. Exciting convergence—BlackRock validates while we roar ahead on LeoDex.
LeoDex & Tokenized RWAs (Nov 15): Khal on RWA synergies with LeoStrategy. Post
Deep Dive on LeoStrategy & RWAs (Oct 20): Tokenization vision vs. TradFi giants like BlackRock. Post