BlackRock CEO: Tokenization is Inevitable, Universal Blockchain is the Future

Odaily News BlackRock CEO Larry Fink believes that the tokenization and digital transformation of assets is necessary and action should be taken swiftly. Larry Fink pointed out that if all investments are conducted on tokenized platforms, it would reduce fees and enhance democratization, allowing capital to flow seamlessly between money market funds, stocks, and bonds. Furthermore, 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 Larry Fink's remarks as hinting that Ethereum is the universal blockchain in his vision, positioning it as the infrastructure for institutional-grade real-world asset tokenization.