BlackRock CEO: Tokenization will enable seamless conversion of assets such as cash, stocks, and bonds, and I believe that day will come soon.

On November 4, Blackrock Chairman and CEO Larry Fink stated at Hong Kong FinTech Week 2025 that fintech innovation and cryptocurrencies have attracted significant attention in recent years. Many people are actually afraid to keep all their money in the currency of their place of residence, and tokenization may be the most important part of the evolution of the global financial system. "If we can tokenize all ETFs (with a total scale of $5.3 trillion) and store them in digital wallets, users will be able to seamlessly use digital currencies, stablecoins, or any other currency within their wallets to purchase bonds or stocks without paying any fees. I believe this will be the future." Fink expects that more transactions will be conducted digitally in the future, with an increasing number of financial assets being digitized and stored on a single blockchain, enabling seamless conversion between assets such as cash, stocks, and bonds. "I believe this day will come soon." Fink stated that gold and bitcoin have their significance, "I think they are symbols of fear. If you lack financial security or personal safety and feel anxious, you will own them." Currently, about $4.1 trillion is stored in digital wallets, and this amount is growing rapidly.