Tokenization · U.S. Treasury · Crypto Briefing
BlackRock pushes deeper into tokenization with funds, portfolios and stablecoin reserves
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From Ondo-built model portfolios to a $311 billion money market fund tokenization, the world's biggest asset manager is rewiring its plumbing on-chain.
Key facts
- BlackRock is aiming to generate $500 million in annual revenue from its digital asset businesses by 2030
- BUIDL now manages approximately $2–2.5 billion in assets
- From Ondo-built model portfolios to a $311 billion money market fund tokenization, the world's biggest asset manager is rewiring its plumbing on-chain
- The $500 million revenue target gives outsiders a yardstick
Summary
The latest move came on September 24, 2026. This marks the first time an outside firm has tokenized BlackRock’s model portfolios. The portfolios span several strategies, including high-income, diversified growth and high-growth models. Alongside it came BRSRV, a vehicle designed to hold stablecoin reserves.