SEC Acknowledges BlackRock BUIDL Fund’s 92.85% Ethereum Tokenization as VanEck Launches Tokenized Treasuries Fund

BlackRock’s BUIDL fund currently has 92.85% of its assets tokenized on the Ethereum Layer 1 blockchain, reflecting a growing trend of tokenization in financial markets. The U.S. Securities and Exchange Commission (SEC) has acknowledged the in-kind redemption structure of BlackRock’s spot Ethereum exchange-traded fund (ETF), marking a regulatory recognition of this tokenization approach. Meanwhile, VanEck has launched a tokenized fund for U.S. Treasuries, positioning itself as a competitor to BlackRock’s Ethereum-based fund, which is reportedly 95% on Ethereum. Industry leaders emphasize the acceleration of tokenization for U.S. dollars, treasuries, and other real-world assets, with Ethereum being described as the ‘internet of finance.’ BlackRock is also actively urging the SEC to approve staking and tokenization mechanisms for Ethereum ETFs, signaling further developments in the integration of blockchain technology within traditional financial products.

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