BlackRock executive: has been having a lot of conversations with traditional and crypto-native clients, focusing on tokenization and partnership with Circle

According to The Block, Joseph Chalom, head of strategic ecosystem partnerships at BlackRock, believes that “institutional adoption of tokenization may be slower than expected in the short term, but in the long run, it will play a role in shaping the ecosystem.” Milestone. BlackRock has been having a lot of conversations with traditional and crypto-native clients, focusing on tokenization and its partnership with Circle. The industry needs to consolidate around certain assets and prioritize real-world use cases. "Joseph Chalom acknowledged the long-term potential of DeFi, especially emphasizing the importance of smart contracts and deep liquidity pools, but expressed concerns about unresolved digital identity and anti-money laundering issues.