BlackRock, one of the world’s largest asset managers, has benefited 2 altcoins with its tokenization move.
BlackRock recently included a fund created with Securitize in a new document submitted to the US Securities and Exchange Commission (SEC).
This move aimed at tokenizing real world assets (RWA) and products on the Ethereum blockchain has benefited altcoins working on this issue. The main beneficiaries of this move are FLOKI (FLOKI) and TokenFi (TOKEN).
Although the announcement did not directly mention these altcoins, just like NVIDIA’s rise had a positive impact on AI-focused altcoins, this move also had a positive effect on RWA-focused cryptocurrency projects.
According to CoinGecko data, FLOKI showed a 40% increase, and TOKEN performed 60% growth in the last 24 hours due to the news flow. The same news also triggered a similar increase for Ondo Finance (ONDO), which works on tokenization.
