BlackRock Expands Real World Asset Tokenization
Tokenization And Real World Assets

BlackRock Expands Real World Asset Tokenization

Tokenization is moving from conference talk to market plumbing. BlackRock’s tokenized Treasury-style liquidity fund (BUIDL) keeps showing up in places that matter: money market rails, collateral frameworks, and onchain liquidity routes.

What Happened

Tokenized Money Market Rails Went Mainstream

BNY and Goldman Sachs launched a structure that creates blockchain-based records mirroring ownership of select money market fund shares, distributed via BNY’s LiquidityDirect and recorded on Goldman’s GS DAP platform. BlackRock is listed among the initial participants.

BUIDL Keeps Expanding Its “Where It Can Be Used” Footprint

BlackRock’s BUIDL was built as a tokenized liquidity vehicle backed by cash, U.S. Treasury bills, and repos, targeting a stable NAV. It has since been referenced as collateral-grade infrastructure and integrated into additional market venues.

DeFi Liquidity Is Being Wired Into Institutional Tokenization

Uniswap Labs and Securitize announced an approach to unlock liquidity paths for BUIDL via UniswapX, framing it as an institutional step toward interoperable onchain cash management.

Collateral Is The Real Use Case

Fortune reported that BUIDL is being accepted as collateral in institutional crypto market structure, which matters because collateral acceptance is what turns a token from a novelty into something credit committees can price around.

The short version: tokenization is being positioned as a settlement and collateral upgrade, not a retail “crypto product.” The winners are the firms that can make regulated cash-like assets move faster with auditability and controls.

Why This Matters For Real World Assets

Most “real world asset tokenization” pitches fail because they start with exotic assets and ignore settlement, custody, and compliance. BlackRock’s path is the opposite. It starts with short-dated, cash-like assets, then pushes them into workflows where institutions already care about speed and collateral mobility.

Development What It Changes Who Cares
Tokenized money market fund rails Faster subscription and redemption workflows with digital ownership records that can be used to support operational transferability Treasury teams, custodians, liquidity managers, prime brokers
Tokenized Treasury-style liquidity funds (BUIDL) Cash management meets programmable transfer mechanics, with a structure designed for institutional eligibility and controls Asset managers, funds, exchanges, collateral desks
Collateral acceptance in institutional venues Improves collateral mobility, supports margining, and increases the probability of repeatable adoption Risk committees, derivatives desks, credit risk, operations
Onchain liquidity routes via large venues Expands interoperability between tokenized yield funds and stablecoin settlement paths under controlled access rules Qualified institutions, market makers, liquidity providers

Financely Takeaways For Sponsors And CFOs

Start With Bankable Assets And Controls

If you want institutional adoption, start with assets that already clear compliance and audit standards. Then design custody, eligibility, and transfer rules like a real capital markets product.

Assume Collateral Is The First Real Demand

The fastest path to scale is not “more users.” It is collateral acceptance. If your token cannot be used in collateral workflows, you will struggle to reach durable volume.

Tokenization Does Not Remove Legal Classification

Tokenization changes transfer and recordkeeping mechanics. It does not make securities “not securities.” Expect KYC, AML, sanctions screening, and investor eligibility to stay central.

Settlement Is A Revenue Line

Faster settlement can reduce trapped liquidity and operational overhead. That is why asset managers and banks are pushing this even when retail demand is not the target.

Reality check: most tokenization projects are still not financeable because they cannot prove custody, enforceability, or compliant distribution. Institutional-grade tokenization is boring by design.

Disclosure

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This post is general information for commercial participants and is not legal, tax, or investment advice. Financely does not lend and does not commit capital. Financely operates as a transaction-led capital advisory desk. Any financing, placement, or execution is subject to KYC, AML, sanctions screening, diligence, and independent counterparty approvals. Where regulated execution is required, delivery is coordinated through appropriately licensed firms operating under their own approvals.

Building A Bankable Tokenization Or RWA Funding File

If you are structuring an onchain RWA product, or using tokenized collateral in a commercial transaction, submit the file with counterparties, custody path, eligibility rules, and target workflow. We will assess financeability and pursue executable term sheets or issue a written decline.

Commercial transactions only. Any outcomes depend on independent counterparty approvals, compliance checks, and final documentation.