🪨 BlackRock's Tokenization Engine, ETFs, and AriyaX's PJs

Your First Captivating Topic of the Week

🪨 Larry Fink Teases Tokenized ETFs and Tokenization Engine

The world’s largest asset manager has spoken (again)! When Larry Fink said "the next generation for markets will be the tokenization of securities" back in 2022 that helped the industry gain some legitimacy and again in his 2023 investor letter. They started putting their money where their mouth is the following year with the launch of BUIDL and investment in Securitize, catalyzing another inflection point for the tokenization industry (especially tokenized money market funds) and becoming the talk of town.

So what’s going on in 2025? Two things coming together. 
1) Their top crypto ETF $IBIT ( ▼ 1.3% ) crossed $100B in AUM and
2) Larry Fink talks on BlackRock’s larger tokenization role and teases tokenized ETFs

Speaking once again on CNBC, Larry brings these two developments together as he talks about the value proposition in tokenizing ETFs and bringing in crypto investors to more traditional products. It makes sense he and other asset managers want to tap crypto-native, younger investors as a new channel of inflows. This is especially true as trillions of dollars in value experience the great transfer of wealth, meaning new allocations due to younger investors’ different risk appetites and likely desire to keep money onchain. Asset managers, index providers, and other players see that and will meet heirs with onchain solutions in the digital ecosystem.

Another interesting point he makes is the “re-potting” of traditional assets, essentially bringing their ETFs natively onchain over time. This doesn’t apply just to ETF shares though, it’s the underlying assets of those ETFs that will also be tokenized (as we know) and the value of onchain securitization overall.

Why does all this matter? Fink talks about cost savings due to the intermediaries involved today (which could be passed on to investors) giving further validation to operational savings we’ve seen reported for fund managers. Aside from that, however, is the fact that if everything is onchain then that opens up the door to create new investment strategies.

On this note, he shared their commitment to building their own tech - no surprise he’s bringing it in-house to control it all just like when BlackRock bought iShares in 2009 for their ETF business. I’d say that one paid off and tokenization will do so even more over the decades to come.

I’ll definitely be bringing all of this up and dive deeper on a panel I’m moderating next week here in Miami around ETFs, featuring Matt Kunke, Lead Digital Assets Strategist at BlackRock. Are you attending? Shoot me a message on LinkedIn or email me at [email protected] and let’s connect!

This is not financial advice.

RWA Foundation & WALLY DAO Updates

The RWA Foundation introduced the RWA Pod as “A permissionless way for anyone to support RWAs using crypto with multiple RWA project tokens as yield.”

In partnership with PERQ, the RWA Pod allows you to deposit ETH, USDC, ARB, and S/ Sonic. Participants will receive tokens on multiple blockchain protocols related to RWA projects that the RWA Foundation has qualified and selected as Founding Members.

What’s the update this week? What’s the RWA Pod TVL? Hear directly from your RWA Pod Host Ray Buckton! 👇

Interested in watching the interviews with Rex from DRVN Will from Jade City? They’re now available on X and on YouTube, go ahead and check them out 👇!

Your Second Captivating Topic of the Week

✈️ Tokenized Private Jets: AriyaX’s Profit Share Token

Tokenizing stocks is cool and has its place BUT what about the other alternative, fun, and non-correlated opportunities out there? This week we’re seeing private jets coming onchain!

AriyaX Capital just announced the AXPT Token, representing a fractional profit share from private jet operations and aircraft leasing revenues (not fractional ownership of the planes themselves). That distinction matters: rather than dealing with hangar fees, maintenance, and pilot scheduling, investors get access to the economic upside of aviation operations handled by a team with 13+ years of experience in the business.

How it works:

• Accredited U.S. investors can participate via Reg D, while non-U.S. investors come in under Reg S.

• Token holders receive onchain distributions of profit share, staying true to the blockchain ethos of transparency and automation.

• The offering is powered by Stobox, shoutout to them as a great white-label infrastructure provider that’s been in the space for many years and the token will be issued on Arbitrum.

Why it’s notable:

• Expands tokenization beyond funds and real estate into operational revenue-sharing models, similar to tokenized royalties or music rights.

• Brings “lifestyle adjacent” assets like private jets into regulated, income-producing structures.

• Demonstrates how tokenization can serve cash flow assets, not just ownership certificates.

You’ll notice on the page it’s a brand new offering so it’ll be interesting to see how quickly (or not) it fills up! Remember none of this is financial advice, please do your own research.

This is not financial advice.

Security Token Show Ends with 300 Episodes!

Check out the latest and final episode of the Security Token Show as well as the full catalog on Youtube, Spotify, Apple Podcasts & Google Podcasts.

Reports

RWA Tokenization: Key Trends and 2025 Market Outlook

Check out a report we contributed to: RWA Tokenization: Key Trends and 2025 Market Outlook. Led by Brickken, this report brings multiple parties together in diving into tokenization, with STM.co supporting with both data and some of the written sections.

What’s Inside?

✅ A Breakdown of Tokenization and Related Benefits
✅ Key advantages for issuers, investors, and institutions
✅ How the market is evolving and trends shaping adoption in 2025
✅ What’s next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth

STM’s RWA Market Prediction for 2030

STM.co is proud to release a thorough report on our prediction on the tokenized real world asset market growth. This report explores the variety of opportunities within each asset class to capture value on-chain.

Tokenization can be applied to just about any object and asset type. Art, carbon credits, life insurance, and other sub $5 trillion asset classes weren’t even considered in estimates.

In order for STM to derive its 2030 market predictions, the following asset classes were evaluated: currency, M2/M3, real estate, commodities, public equities, private companies and funds, bonds, credit and lending markets.

This is not financial or investment advice.