BlackRock’s top brass says tokenization will bridge crypto and finance

BlackRock CEO Larry Fink and Chief Operating Officer Rob Goldstein published an opinion piece arguing that tokenization will serve as a bridge connecting the traditional financial system with the digital-first crypto industry. They suggest that rather than replacing existing finance, tokenization will enable interoperability, eventually allowing assets of all types to be traded and held through a single digital wallet. While acknowledging initial skepticism due to the crypto boom's speculative nature, they now see tokenization expanding investable assets beyond traditional stocks and bonds, referencing BlackRock's own $2.8 billion tokenized cash market fund, BUIDL. Fink and Goldstein emphasize that this transition requires updated regulations to ensure safety, advocating that regulators judge risk based on the asset itself, not its packaging, similar to how bond ETFs connected dealer markets with public exchanges.

(Source：Cointelegraph)