Ethereum's Role in Tokenized Assets Explored in BlackRock's 2026 Outlook

BlackRock's 2026 Thematic Outlook underscores Ethereum's pivotal role in the tokenized assets sector, positioning it as a key infrastructure for on-chain settlement and fee capture. According to NS3.AI, Ethereum held over 65% of tokenized assets as of early January 2026. However, its market share may face challenges as asset issuance diversifies across various blockchains and rollups increase off-chain transaction volumes. The report highlights the complexities of a growing multi-chain ecosystem, which could impact Ethereum's dominance in fee monetization. This raises questions about the future of settlement fees directly linked to ETH and emphasizes the significance of organic, economic throughput in maintaining its position.