BlackRock, the world's largest asset manager, is reportedly planning to launch a tokenized fund, a move that analysts at research and brokerage firm Bernstein believe will bring legitimacy to public blockchains like Ethereum. As the mainstream financial industry increasingly embraces digital assets, this development could signal a significant shift in perception and adoption of blockchain technology.

The tokenized fund, if launched, will likely leverage the Ethereum blockchain, which has already established itself as a leading platform for decentralized finance (DeFi) and non-fungible tokens (NFTs). This move by BlackRock could further solidify Ethereum's position in the market and potentially attract more institutional investors to explore blockchain-based solutions.

In conclusion, BlackRock's planned tokenized fund launch is a noteworthy development for the blockchain industry, as it may contribute to the growing acceptance and adoption of public blockchains like Ethereum. This move could also pave the way for more traditional financial institutions to explore and integrate digital assets and blockchain technology into their operations.