BlackRock CEO Advocates for Rapid Transition to Tokenization and Digitization

BlackRock CEO Larry Fink has emphasized the necessity of transitioning assets towards tokenization and digitization, urging swift action in this direction. According to Odaily, Fink highlighted that conducting all investments on tokenized platforms could reduce costs and enhance democratization, allowing seamless capital flow between money market funds, stocks, and bonds. Additionally, he noted that a universal blockchain could help reduce corruption. BlackRock, the world's largest asset management firm, has already built its flagship tokenization fund, BUIDL, on Ethereum. The cryptocurrency community interprets Fink's remarks as suggesting that Ethereum aligns with his vision of a universal blockchain, positioning it as the infrastructure for institutional-grade real-world asset tokenization.