Wall Street’s giant Bernstein published a report on the tokenized fund introduced by BlackRock in recent days.
Bernstein pointed out that it was quite important for both the traditional finance and the cryptocurrency market that BlackRock launched its first tokenized fund on a public blockchain.
BlackRock had announced its tokenized fund created in collaboration with Securitize in a new filing submitted to the U.S. Securities and Exchange Commission (SEC).
Bernstein stated that the bringing together of important ecosystem partners from both the traditional and crypto worlds was crucial.
Bernstein analysts Gautam Chhugani and Mahika Sapra said that the fund would facilitate collaboration between both ecosystems. The analysts also noted that traditional clients could embrace on-chain focused funds without major reservations.
The report expressed that on-chain funds could be a new growth category for asset managers.
Furthermore, the analysts said that institutional investors would discover the benefits of real-time payments and transparency in a blockchain.
