BlackRock CEO: Tokenization Could Make Investing on Phones as Convenient as Payments

PANews reported on March 24, citing The Block, that BlackRock CEO Larry Fink stated in his annual letter to shareholders that tokenization is expected to make investing as easy as sending a payment, since half of the global population has a digital wallet on their phones. He noted that tokenization can improve the underlying infrastructure of the financial system, making investments easier to issue, trade, and access. This is the second consecutive year that Fink has emphasized the potential of tokenizing traditional investments. Last year, he focused on upgrading financial system infrastructure with blockchain technology, while this year he is placing more emphasis on accessibility and scalability. BlackRock is currently the largest spot Bitcoin ETF issuer and has become one of the most active traditional asset management companies in the digital assets field.