BlackRock says Ethereum accounts for 65% of tokenized assets on Wall Street.

BlackRock has established Ethereum as the dominant platform for tokenized assets on Wall Street.

“BlackRock is betting billions that tokenized funds will do for Wall Street what the internet did to mail In his annual letter, BlackRock CEO Larry Fink argues that digital wallets and tokenized assets could modernize markets and expand investor access”

@coindesk

The cryptocurrency network currently supports 65% of all tokenized assets according to the investment giant's analysis.

@coindesk

This significant market share demonstrates Ethereum's position as the foundational infrastructure for digital asset representation.

The firm's thematic outlook for 2026 highlights Ethereum's potential to become the 'toll road' connecting traditional financial institutions to blockchain markets.

Major entities like DTCC and the New York Stock Exchange are part of this institutional adoption.

BlackRock recognizes Ethereum's established ecosystem and technological capabilities make it the preferred choice for institutions.

BlackRock has made substantial financial commitments to the tokenization ecosystem.

Its BUIDL fund manages $1.6 billion distributed primarily between Ethereum and BNB Chain.

CoinCentral

The fund allocates $499 million to Ethereum and $503 million to BNB Chain.

This demonstrates the firm's diversified yet Ethereum-focused approach.

BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) stands as the largest tokenized fund globally.

The firm also manages $65 billion in stablecoin reserves and nearly $80 billion in digital asset exchange-traded products.

Larry Fink articulated a comprehensive vision for tokenization beyond mere speculation.

“BlackRock CEO Larry Fink pushes tokenization as next phase of markets Larry Fink positions tokenization as a key upgrade to financial infrastructure that could make investing more accessible and efficient”

Crypto Briefing

He positioned it as a tool to update financial plumbing and improve market access.

Digital ledgers can make issuing and trading securities faster and cheaper, according to Fink.

Regulated digital wallets could hold tokenized bonds, ETFs, and fractional infrastructure interests.

Fink called for clear buyer protections, counterparty risk standards, and digital identity checks.

He compared tokenization today to the internet in 1996, suggesting gradual adoption.

BlackRock views tokenization within broader economic shifts facing the US.

These include manufacturing expansion, energy supply growth, and AI investment.

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Fink noted that banks, corporations, and governments cannot fund these transitions alone.

Tokenization could unlock new sources of capital and improve efficiency.

The firm tied its digital assets growth to a long-term strategy in digital finance.

Fink also addressed Social Security as needing structural reform with market exposure.