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Larry Fink, CEO of BlackRock, has expressed strong support for the tokenization of stocks and bonds, stating that the current lack of progress in this area is 'crazy.' He believes that tokenization will democratize investing and is a crucial step forward in financial innovation. Fink emphasized that every asset could eventually be tokenized, a sentiment echoed by other industry leaders. He called on the SEC to expedite the approval process for tokenizing these financial instruments, suggesting that trillions of dollars could flow into this market. The discussion around asset tokenization is gaining traction, with Fink's advocacy highlighting its potential to reshape investment landscapes.
"If we can tokenize bonds and stocks tomorrow... it would democratize investing in ways we can't even imagine." - Larry Fink Blackrock’s CEO says EVERY asset will be tokenized. There is one problem with RWAs though - it’s unorganized. You can’t find the best opportunities… https://t.co/EJWuSX6srg https://t.co/E7IlfeOhN8
I want the SEC to rapidly approve the tokenization of stocks and bonds.. Larry Fink Trillions are coming! #RWA🚀 https://t.co/2pEBjQ9Whp
Much like how in 2018 I said stablecoins would emerge as a big use case for crypto, I believe the tokenization of assets—a digital representation of any asset on a blockchain—will also go mainstream over the next few years. Whether BlackRock’s tokenized money market fund,…