According to The Crypto Basic, BlackRock CEO Larry Fink and COO Rob Goldstein compare tokenization to the early internet era of 1996, suggesting it is at a similar 'seed stage' and could experience rapid growth. In a guest post for The Economist, they argue that tokenization is not meant to replace traditional finance but to bridge it with digital innovation. They note that banks, blockchains, and fintech platforms are already collaborating, leading to a more integrated market. BlackRock, managing over $13.4 trillion, has launched a tokenized cash fund that has grown to $2.8 billion. Fink and Goldstein also call for updated regulatory frameworks to support the integration of tokenized and traditional markets.
BlackRock CEO Compares Tokenization to 1996 Internet, Sees Rapid Growth Ahead
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