Recent comments from BlackRock CEO Larry Fink have highlighted the need for a single, unified blockchain for tokenized markets, and have intensified the focus on platforms capable of handling liquidity, compliance and settlement on an institutional scale. With its long track record in smart contracts, an extensive developer ecosystem, and a growing role in regulated financial products, Ethereum now emerges as the most likely candidate to serve as a settlement layer for tokenized capital markets.
Why asset managers prefer trusted infrastructure
In an X afterEthereum Daily shared a video in which BlackRock CEO Larry Fink made it clear that tokenization is necessary. Speaking at the World Economic Forum, Fink said the financial system must move quickly towards digitalization, adding that a single, common blockchain could reduce corruption and improve transparency in global markets.
While Fink didn’t mention a specific network, the most plausible candidate could be ETH, based on BlackRock’s own initiatives and public statements that highlighted ETH’s role in tokenizing assets. The company has consistently emphasized ETH as a core platform for its on-chain strategy. Meanwhile, BlackRock launched its BUIDL tokenized money market fund directly on ETH, a product that has already grown to more than $2 billion in total value. “There is no second best,” Ethereum Daily noted.
In terms of staking, Bitmine has turned Ethereum staking into a billion-dollar business. An analyst known as Milk Road did just that revealed that the company has now staked 1.83 million ETH, worth approximately $6 million at current prices, and plans to scale that figure to 4.2 million ETH over time. In recent months, Bitmine Immersion Technologies Inc. (BMNR) responsible for almost 50% of all new ETH that entered the queue.
Staking at this scale is important because it removes ETH from the liquid supply and locks it into the long-term infrastructure rather than keeping it for short-term trading. When a player is willing to stake billions of dollars worth of ETH, it reflects confidence in ETH’s future economic prospects. A lower fluid supply, combined with persistent network demand, will eventually create structural pressure.
How support has built up over multiple market cycles
Analyst Milk Road has done that too marked that Ethereum is near a critical support zone around $3,000, hovering just above the lower limit of its long-term bullish structure, an area that has served as a stress test for ETH throughout the cycle. Historically, when ETH pushes into this area, the market will have to decide whether the weakness is temporary or structural.
The $2,750 level remains the key boundary as it has repeatedly halted downward pressure following macro-driven or narrative-driven pullbacks, making it a reliable bottom for the broader trend. As long as ETH remains above that level, the broader multi-year uptrend will remain intact.