Celisa Morin, formerly an executive at Grayscale and now heading the legal department at Reed Smith, has pointed out that traditional financial institutions are increasingly inclined toward the tokenisation of assets on public blockchains, a trend inspired by BlackRock.

She highlighted that the shift towards public blockchains over private ones is gaining momentum among traditional finance (TradFi) institutions, motivated by BlackRock's successful launch of its $100 million tokenised ‘BUIDL’ fund on the Ethereum network in March.

Morin, with her experience as Vice President of Platform Distribution at Grayscale until mid-2023, emphasised the logical step for larger TradFi institutions to emulate BlackRock's initiative in leveraging public chains for asset tokenisation.

This move signifies a potential trend where public blockchains could become the preferred platform for asset tokenisation in the traditional financial sector.