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BlackRock CEO: Tokenization Inevitable, Universal Blockchain is the Future
Summary: In a recent statement, BlackRock CEO Larry Fink believes that the transformation of assets into tokens and digital assets is necessary and should be acted upon swiftly. Fink points out that conducting all investments on tokenized platforms would reduce costs and increase democratization, allowing capital to flow seamlessly between money market funds, stocks, and bonds. ...
In a recent statement, BlackRock CEO Larry Fink believes that the transformation of assets into tokens and digital assets is necessary and should be acted upon swiftly. Fink points out that conducting all investments on tokenized platforms would reduce costs and increase democratization, allowing capital to flow seamlessly between money market funds, stocks, and bonds. Additionally, having a universal blockchain could reduce corruption. As the world's largest asset management company, BlackRock's flagship tokenized fund BUIDL is built on Ethereum. The cryptocurrency community interprets Fink's remarks as implying that Ethereum is the universal blockchain in his vision, positioning it as the infrastructure for institutional-grade real-world asset tokenization.
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Link: BlackRock CEO: Tokenization Inevitable, Universal Blockchain is the Future [Copy]
