Bitcoin News
By Sydney TheCMO
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Why Tokenized ETFs, Why Now. Tokenized ETFs sit at the intersection of two worlds that have spent years eyeing each other from…
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Regulatory Hurdles Still Loom Large. Nothing is close to finalized. Both sides are still working through what any partnership would…
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What a Deal Would Mean for the Market. If Bitget and BlackRock — or any of the other unnamed Wall Street firms in these discussions —…
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Bitget is in talks with BlackRock and other major Wall Street firms to distribute tokenized ETFs across Asia.
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Gracy Chen, Bitget's managing director, put BlackRock front and center as a key player in these discussions.
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No terms have been disclosed. No timeline either.
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Tokenized ETFs sit at the intersection of two worlds that have spent years eyeing each other from a distance — traditional asset management and crypto infrastructure.
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BlackRock's interest, if the talks go anywhere, wouldn't come out of nowhere. The firm has spent the past couple of years building out its digital asset presence.
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That distinction matters. Tokenized ETFs aren't necessarily crypto-native products. They can hold equities, bonds, commodities — whatever the underlying fund holds.
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Nothing is close to finalized. Both sides are still working through what any partnership would actually look like, and regulatory conditions across Asian markets vary enough that…
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Read also: Grayscale Fights SECs Proposed ETF Rule Changes That Could Hurt Investors
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Bitget hasn't said which markets it's targeting first. Unclear whether the talks cover a specific subset of Asian jurisdictions or whether the plan is broader.
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And it's worth being honest about where these talks stand: they're talks. The gap between "in discussions with BlackRock" and "signed distribution agreement with BlackRock" is…
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But the direction is clear enough. Bitget wants to move upmarket, toward institutional distribution, toward regulated products, toward the kind of credibility that comes from…
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If Bitget and BlackRock — or any of the other unnamed Wall Street firms in these discussions — actually close something, it would carry weight beyond the two companies.
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