The post BlackRock sees Ethereum as the gatekepper for tokenization even though market share is drifting elsewhere appeared on BitcoinEthereumNews.com.

BlackRock’s 2026 Thematic Outlook put Ethereum at the center of its tokenization thesis, asking whether the network could serve as a “toll road.” BlackRock stated that “of tokenized assets 65%+ are on Ethereum.” The framing pushes Ethereum into an infrastructure role rather than a directional call on ETH. A “toll road” model depends on where issuance, settlement and fee payment occur when real-world assets and tokenized cash move onchain. Related Reading Ethereum faces brutal “midlife crisis,” and the Foundation’s response reveals a shocking new reality A new comms lead, an institutions portal, and “Get in touch” CTAs suggest Ethereum thinks perception is becoming adoption. Jan 21, 2026 · Gino Matos BlackRock noted stablecoin transaction volume is adjusted to “strip out inorganic activity (e.g., bots),” citing Coin Metrics and Allium via the Visa Onchain Analytics dashboard. That caveat narrows the metrics investors may rely on when translating tokenization “activity” into economic throughput. Ethereum’s share is a moving target A late-January market check shows why the “65%+” figure should be treated as point-in-time. Ethereum tokenization (Source: BlackRock) RWA.xyz’s directory view put Ethereum’s tokenized RWA market share at 59.84%, with total value around $12.8 billion at retrieval on Jan. 22. RWA.xyz’s networks view also shows Ethereum leading by value, including a total value (excluding stablecoins) of $13,433,002,447, with the table time-stamped around Jan. 21. The spread between those readings and BlackRock’s Jan. 5 figure leaves room for share drift. That drift can come as issuance expands to other chains and as reporting windows change. Data point Ethereum value / share Timestamp in source Source BlackRock tokenization slide snapshot “65%+” of tokenized assets on Ethereum As of 1/5/2026 BlackRock PDF (p. 17) RWA.xyz directory overview ~$12.8B total value, 59.84% market share Retrieved 1/22/2026 RWA.xyz Directory RWA.xyz networks table $13,433,002,447 (excl. stablecoins) Table shows “as…

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Filed under: News - @ January 22, 2026 8:27 pm