Onchain data platform Token Terminal says BlackRock may launch its own blockchain, similar to Coinbase’s Layer-2 (L2) network, Base.

This assumption is based on looking at the asset manager's holdings across multiple asset classes.

Why BlackRock Will Launch Its Own Blockchain?

BlackRock categorizes its crypto holdings into three groups: crypto assets like Bitcoin, stablecoins like USDC, and tokenized assets like BUIDL, according to Token Terminal, a platform that analyzed the asset manager’s crypto strategy.

BlackRock reportedly identified three distinct advantages of Bitcoin as an asset. First, its internet origins make it globally accessible. Second, Bitcoin’s efficiency in cross-border transactions. Finally, its fixed supply cap positions it as a hedge against inflation.

BlackRock BUIDL. Source: Token Terminal

Highlighting the role of BlackRock’s iShares Bitcoin ETF, IBIT, Token Terminal predicts the company will create similar products for major crypto assets. Notably, while BlackRock has launched an Ethereum ETF, the prospects for a Solana ETF remain slim so far.

However, Token Terminal demonstrated BlackRock’s belief in the potential of blockchain technology to improve capital markets, citing 24/7 capital markets, improved transparency and investor access, lower fees, and faster settlements. Token Terminal concluded that the company could launch its own blockchain, as Coinbase has done.

“We believe that BlackRock will eventually launch its own blockchain similar to how Coinbase launched Base. This will allow BlackRock to focus on managing records of its assets on a global, interoperable, and transparent ledger,” Token Terminal concluded.

BlackRock Blockchain's Potential Impact on TradFi

BlackRock’s blockchain launch would mark a major shift in the traditional finance (TradFi) sector, signaling a move toward decentralized solutions. Similar to how Coinbase transformed into a Web3 portal with Base, BlackRock’s blockchain initiative could elevate the company from a traditional asset manager to a leader in the digital asset space.

“While we would love to see this, it won’t happen in the short term until the regulations and compliance around this are clear. This is due to the need for compliance. The question is: the whole blockchain ecosystem would be great, but how will they address compliance?” commented one X user.

Leveraging blockchain technology, BlackRock can streamline operations, reduce costs, increase transparency, and enhance security across its broad range of financial products and services. This approach has the potential to revolutionize transactions and create a more efficient and secure financial ecosystem.

Furthermore, such a project will open up new opportunities for its clients and investors to access a wide range of digital assets. They will also be exposed to more seamless and user-friendly investment opportunities. This will democratize access to financial products and strengthen BlackRock’s position as a leader in digital asset management.

The company has set a new standard in real-world asset (RWA) tokenization with the success of BUIDL, BlackRock’s USD Institutional Digital Liquidity Fund. BUIDL recently became the largest tokenized fund, demonstrating the growing development and integration of blockchain technology into traditional finance (TradFi).



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