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BlackRock to Embrace Tokenized Assets, Says CEO Larry Fink

Key Takeaways

  • Larry Fink shared that tokenized versions of traditional assets will shape financial markets over the coming decades;
  • BlackRock aims to use digital tokens to connect crypto-focused investors with more traditional products like ETFs and retirement tools;
  • Fink sees crypto as a valid portfolio alternative like gold, but warns it should remain a small part of overall investments.​

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BlackRock to Embrace Tokenized Assets, Says CEO Larry Fink

BlackRock’s CEO, Larry Fink, has shared his view that financial markets are likely heading toward a future where traditional assets are converted into digital tokens.

In an October 14 interview on CNBC’s Squawk on the Street, Fink explained that tokenizing products like exchange-traded funds (ETFs) could help connect newer investors with more conventional financial tools, including retirement-focused products.

The idea is that by offering digital versions of familiar investments, the company can attract people who prefer a digital-first experience.

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Rather than sticking with paper-based or legacy systems, BlackRock sees value in building a digital structure where investors can manage their assets more efficiently.

However, Fink noted that tokenization is still at an early stage. He noted that converting assets such as real estate, stocks, and bonds into digital tokens will take time, but has strong potential to expand across different industries.

As part of its earnings update, BlackRock said it is actively exploring ways to take part in this trend, with teams across the company researching token-based solutions.

In a separate interview with CBS’s 60 Minutes, Fink also spoke about cryptocurrency’s role in investing. He said crypto could serve as an alternative asset for people looking to diversify. However, he added that it should not take up a large share of anyone’s portfolio.

Recently, UK Finance piloted tokenized sterling deposits with six major UK banks. What is the goal of the program? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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