In an era where the boundaries between traditional finance (TradFi) and crypto are blurring, one of the hottest trends is the tokenization of real-world assets (RWAs). This trend, which allows tangible assets like vehicles and real estate to be bought and sold as tokens on the blockchain, promises to revolutionize the efficiency and speed of property transactions.
Just last week, BlackRock, the world’s largest asset manager, spearheaded the movement by launching a $100 million tokenization fund, which attracted $240 million in investment in its first week.
Larry Fink, CEO of BlackRock, has spoken about the potential of tokenization, saying that RWAs could “again, revolutionize finance.” This comment has contributed to a significant increase in the valuation of several RWA crypto tokens in recent weeks. In light of these developments, crypto analysts at Layergg have identified a specific crypto project that they believe could garner significant interest from BlackRock.
Why Blackrock can choose Aptos
The project under consideration is Aptos, which has been pegged for its potential in the RWA space. According to Layergg Analysis Shared on X (formerly Twitter), the narrative surrounding RWA and tokenization, fueled by BlackRock’s involvement, suggests a new but rapidly growing interest in the field.
They highlight that mid- to low-cap RWA projects listed on Binance have performed exceptionally well, indicating broader market interest driven by narrative-driven investment strategies. However, the favorite crypto project for Blackrock might be Aptos.
A closer look at Aptos reveals several factors that make it an attractive partner for BlackRock. First, Aptos is set to make a significant announcement related to RWA in April, with the Aptos DeFi DAYS event taking place from April 2nd to 5th.
The announcement is expected to include a partnership with global asset management firm, possibly BlackRock. “A partnership with a global asset management firm is expected to be announced. It is speculated that this may include BlackRock,” the analyst commented.
The basis for this speculation includes Aptos CEO Mo Sheikh’s previous tenure at BlackRock, suggesting pre-existing industry connections that could facilitate such a partnership.
Moreover, Aptos founder Mo Sheikh and head of ecosystem at Aptos Labs Neil H hinted at this from the start. Sheikh revealed via X in mid-February: “I sat down with three of the world’s biggest asset managers this week, a little preview… While the year started with ETFs, it ended with RWA on-chain, growth in Asia and parallelization on all Aptos in Hong Kong. see you
On February 21, Sheikh also commented on a post on X by Dan Morehead, founder and managing partner of Pantera Capital. “Tomorrow I will be speaking at BlackRock’s Institutional Digital Asset Summit,” Morehead said. […] The existence of that peak **is** a big change. Really looking forward to this. ” Mo Sheikh commented mysteriously, “There is a peak for this.”
Additionally, Thala Labs founder Adam Keder recently stated via X that “something is cooking for Aptos. I am the co-founder of the largest application on the network and here is my list of important upcoming ecosystem wide catalysts.” Kedder referred to Sheikh’s statement and added that BlackRock, Vanguard and Fidelity are the world’s three largest asset managers.
“If I had to guess, this refers to them using the chain in some way / integrating it into one of their products that is in the TradFi world. Also note that BlackRock is the most crypto-aligned of the bunch,” he said via X .
Crypto Revolution: Will APT Follow AVAX?
But that’s not all. Aptos has been signaled to seek partnerships with other major asset management firms, including Franklin Templeton, which previously invested in Aptos (Tier 3) and plans to use blockchain for a money market fund.
A strategic alliance could position Aptos in a similar way to how Avalanche benefited from its partnership with the Project Guardian venture (JPMorgan and Wisdomtree), experiencing a substantial price increase following the announcement. “Avalanche’s price increased more than 4x after the news of Project Guardian,” noted Layergg.
He concluded, “If the partnership with BlackRock continues, more ‘big partnerships’ will naturally follow.”
At press time, APT traded at $17.59, up 87% over the past five weeks.
Featured image in Pensions and Investments, charts on TradingView.com
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