BlackRock pushes deeper into tokenization with funds, portfolios and stablecoin reserves

BlackRock has significantly expanded its on-chain footprint by tokenizing a diverse range of financial products, including model portfolios, Treasury vehicles, and European money market funds. On September 24, 2026, the firm partnered with Ondo Finance to launch seven tokenized model portfolios, marking the first time an external firm has tokenized BlackRock’s proprietary investment strategies. This follows an aggressive August 2026 expansion that included the introduction of the $7 billion BSTBL Treasury liquidity fund and the BRSRV stablecoin reserve vehicle via the Securitize platform. Furthermore, BlackRock tokenized $311 billion in European money market funds using JPMorgan’s Kinexys platform on Ethereum. These initiatives leverage blockchain technology to enable 24/7 peer-to-peer settlement and increased transparency compared to traditional financial plumbing. CEO Larry Fink views this transition as a fundamental shift in infrastructure, aiming to reduce fees and improve settlement speeds. With a stated goal of generating $500 million in annual revenue from digital assets by 2030, BlackRock is positioning tokenization as a core, scalable business line rather than a experimental marketing effort. By deploying assets across multiple networks like Ethereum and Solana, the firm is effectively hedging against blockchain-specific risks while establishing a dominant market position.