Less than three months after launching the first-ever spot Bitcoin ETFs, BlackRock, the world's largest asset manager, has partnered with Securitize to launch its first tokenized fund on the Ethereum network. Named BUIDL, the fund, which requires a $5 million minimum investment, is targeting big institutional players and marks a significant move into the digital asset space. Larry Fink, BlackRock's CEO, has highlighted tokenization as a pivotal next step following Bitcoin ETFs, with regulators taking note of the potential $19 trillion in dormant collateral that could be unlocked through digital assets. This initiative is seen as bringing legitimacy to public blockchains like Ethereum, according to Bernstein. Additionally, BlackRock aims to tokenize $10 trillion of its assets, as detailed in a Forbes article, signaling a significant commitment to the integration of blockchain technology in traditional finance.