BlackRock — 2026 Thematic Outlook: Ethereum as Tokenization Beneficiary

Wed, 21 Jan 2026 09:00:00 +0000

BlackRock’s 2026 Thematic Outlook, authored by Jay Jacobs (US Head of Equity ETFs at BlackRock), names tokenization as one of the year’s defining mega-forces — and singles out Ethereum as the network most likely to capture its growth.

The case rests on a stark distribution chart. According to BlackRock, Ethereum already accounts for 66% of all tokenized assets, dwarfing the next four chains combined: BNB Chain at 10%, Solana at 5%, Arbitrum and Stellar at 4% each, and Avalanche at 3%. That dominant share, Jacobs argues, positions Ethereum as the natural beneficiary as institutions move serious capital onto public chains.

Jay Jacobs on Ethereum Market Research Center

BlackRock — 2026 Thematic Outlook: Ethereum as Tokenization Beneficiary