In this post. BlackRock is looking to expand tokenization in hopes of launching its own L2 network.
BlackRock and Securitize have seen rapid growth in BUIDL tokens, attracting large buyers among accredited investors and cryptoinsiders such as Arbitrum.
#BlackRock has become the biggest driver of inflows into #MarketDownturn and #MarketDownturn exchange-traded funds (ETFs).
BlackRock is interested in the most liquid crypto assets, focusing primarily on #MarketDownturn and #MarketDownturn . It is possible that BlackRock will build its own L2 tokenization network based on its cryptocurrency strategy.
BlackRock may become the founder of a new L2 network, imitating existing public chains. In this way, the investment giant will be able to provide a higher level of control against hacking and abuse.
BlackRock is the world's largest asset manager with $10 trillion under management.
We examined BlackRock's cryptocurrency strategy.
The
uses the Ethereum blockchain and has not discussed the possibility of using other Tier 1 solutions. BlackRock can always create a private blockchain, but it won't be linked to other assets.
BlackRock also owns a stake in Circle, which has access to USDC tokens, one of the most widely used stablecoins. TokenTerminal analysts believe that BlackRock could launch its own blockchain, possibly similar to Base. They believe the company would be willing to launch a tokenless protocol similar to the Base blockchain, which utilizes an intuitive login-based wallet and provides an on-chain experience similar to a regular login.
The biggest challenge for Blackrock will be blockchain rules. To make the L2 chain compatible with Ethereum, Blackrock will still have to pay for gas; the L2 chain will pay Ethereum
"blob fee
" to keep a bunch of transactions and states unchanged. The transition between Ethereum and L2 also requires a bridge, which is one of the riskiest places for an exploit.
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