Odaily Planet News: BlackRock CEO Larry Fink believes that the transition of assets toward tokenization and digitization is essential and that action should be taken swiftly. Larry Fink pointed out that if all investments were conducted on tokenized platforms, costs would be reduced and democratization would be enhanced, allowing capital to flow seamlessly between money market funds, stocks, and bonds. Additionally, having a universal blockchain could reduce corruption.
As the world's largest asset management company, BlackRock has built its flagship tokenized fund, BUIDL, on Ethereum. The cryptocurrency community views Larry Fink's remarks as indicating that Ethereum is the universal blockchain within its vision, positioning it as infrastructure for institutional-grade real-world asset tokenization.