The major Wall Street firm Bernstein has published a report on BlackRock’s recent announcement of a tokenized fund.
In its research report published on March 26, Bernstein stated that the launch of BlackRock’s first tokenized fund on a public blockchain is significant for both traditional finance and the cryptocurrency market.
BlackRock revealed the tokenized fund it created with Securitize in a new filing submitted to the U.S. Securities and Exchange Commission (SEC).
Bernstein’s statement regarding BlackRock’s fund included the following:
Bringing together important ecosystem partners from both the traditional and crypto worlds is crucial.
Bernstein analysts Gautam Chhugani and Mahika Sapra said that the fund will make it easier for both ecosystems to collaborate. They also noted that traditional clients could embrace on-chain focused funds without major concerns.
The report suggested that on-chain funds could be a new growth category for asset managers.
Furthermore, analysts stated that institutional investors would discover the benefits of instant payments and transparency on a blockchain.
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