Odaily News Larry Fink, CEO of BlackRock, said in his annual letter released on Monday that asset tokenization is the most disruptive financial innovation after ETFs, and is expected to reshape the democratization of global finance. He pointed out that tokenization will revolutionize the settlement system that has been in existence for a century, realize instant on-chain settlement of stocks, bonds, real estate, etc., release a large amount of liquidity frozen by settlement delays, and enable capital to achieve "frictionless flow around the clock."
Fink also emphasized that asset tokenization will build a more inclusive financial infrastructure, allowing ordinary investors to access high-threshold areas that were previously limited to institutions through asset splitting, and improve governance participation through smart contracts. He believes that the construction of a digital identity system will determine whether tokenization can become mainstream, and calls for global collaboration, referring to cases such as India's Aadhaar, to establish a compliant and efficient identity authentication framework to unleash the trillion-dollar market potential.