BlackRock is asking regulators to drop a proposed rule that would limit banks to holding only 20% of their reserves in the form of tokenized assets. In a letter, the company explained that the risk associated with these assets depends on their quality and how easily they can be converted to cash, not simply on whether they are stored using blockchain technology. BlackRock believes the cap could hinder the development of new tokenized products, such as BUIDL. This request comes as more real-world assets are being tokenized, and further growth is anticipated before the proposed rule is set to take effect in 2027.
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2026-05-04 11:22