BlackRock CEO: The tokenization of all assets has just begun

There is $4.1 trillion stored in global digital wallets, much of it outside the United States. Fink’s view is that tokenizing and digitizing ETFs, guiding new investors entering the market through cryptocurrencies into traditional pension products, and fully tokenizing assets from real estate to stocks and bonds represent Baidu’s core opportunities for the coming decades.

Currently, BlackRock owns the world’s largest tokenized money market fund, BUIDL, and its Bitcoin ETF product, iBIT, has surpassed $100 billion in size, up from zero two years ago. Fink, who once held a cautious attitude toward cryptocurrencies, now openly states: “I like it now, but I’ve been growing and learning.”

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