Summary
- Global asset manager BlackRock reportedly newly registered a staking-based Ethereum(ETH) trust in the state of Delaware.
- Delaware is known as a preferred jurisdiction for large financial firms because trust formation procedures are fast and regulations are clear.
- The market interprets this registration as a preliminary step toward the commercialization of Ethereum staking.
Global asset manager BlackRock(BlackRock) has reportedly newly registered a staking-based Ethereum(ETH) trust in the state of Delaware(Delaware).
On the 19th (local time), Solid Intel(Solid Intel) said via X(X·formerly Twitter), "BlackRock registered a new staking ETH trust in Delaware."
Meanwhile, Delaware is known as a jurisdiction where trust formation procedures are fast and regulations are clear, so large financial firms are known to register there first when preparing new products. The market interprets this registration as a signal that BlackRock has entered a preliminary stage toward productizing Ethereum staking.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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