Wall Street giant BlackRock has met with the U.S. Securities and Exchange Commission’s (SEC) crypto task force to discuss staking and security tokenization in crypto exchange-traded products (ETPs), Cointelegraph reported.
BlackRock hopes to discuss the treatment of staking, including considerations for providing staking capabilities for ETPs. The company believes that an Ether (ETH) ETF without staking is not perfect.
Other crypto ETF issuers share the same view. The New York Stock Exchange has proposed to introduce staking services for Grayscale’s spot Ether ETF. The SEC postponed its decision on this proposal in April.
BlackRock also discussed the tokenization of securities under the federal securities regulatory framework. The benefits of security tokenization include faster settlement times and lower costs.
