BlackRock, the world’s largest asset manager with $11.5 trillion in assets, met with the SEC Crypto Task Force on May 9, 2025, to address key issues in the crypto space, including staking, tokenization, and ETF approval standards.
The agenda of the meeting was focused on several topics, including an overview on BlackRock’s digital asset product suite—which includes spot crypto ETFs and its BUIDL platform—the role of staking in ETFs, tokenization frameworks under federal securities laws, and standards for approving crypto ETFs.Â
As per the filing, the agenda also mentions BlackRock exploring options on crypto ETFs, aiming to expand derivative products tied to digital assets.
Among all the discussions, staking in Ethereum ETFs was a key point, which the SEC approved in May 2024 but barred from including staking due to concerns over securities laws. BlackRock appears to be seeking clarity to potentially enable staking, which could boost investor returns by earning rewards on Ethereum ETFs.
Tokenization was another focus of the meeting, on which the asset manager is leaning with its tokenized funds. As the regulatory uncertainty and liquidity issues remain hurdles in broader adoption of tokenization, BlackRock aims to tackle these issues through the discussions.
The move follows BlackRock’s April 2025 meeting with the SEC, where staking for crypto ETPs were discussed alongside industry leaders. The firm’s ongoing engagement signals its growing institutional interest in digital assets, beginning with the 2024 approvals of Bitcoin and Ethereum ETFs.
As BlackRock pushes for regulatory clarity, the outcome of these talks could shape the future of crypto financial products, potentially bridging traditional finance and blockchain technology.
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