In accordance with Bijié Wǎng, BlackRock executives Larry Fink and Rob Goldstein stated that tokenization is driving the largest infrastructure reform in the financial system since the rise of electronic information technology in the 1970s. They argue that tokenization, which records asset ownership on digital ledgers, could enable faster and safer asset transfers, bypassing traditional intermediaries. BlackRock has aligned its strategy with this vision, launching the dollar-denominated institutional digital liquidity fund (BUIDL), which has grown to $2.3 billion in AUM. Fink emphasized the potential of tokenization to reduce costs in sectors like real estate. However, legal expert Zhu Yaohang noted that the transition will be multi-cycle and gradual, with tokenization only gaining traction when it solves real-world problems.
BlackRock Executives Say Tokenization Could Reshape Market Infrastructure
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