Derived from Insidebitcoins, BlackRock CEO Larry Fink stated in a column for The Economist that tokenization may lead to the biggest overhaul of the financial system since the 1970s SWIFT launch. Fink and BlackRock COO Rob Goldstein noted that traditional finance has shifted from dismissing tokenization to recognizing its transformative potential. Fink emphasized blockchain’s ability to reduce frictions, standardize settlements, and expand investable assets. He also warned that developed economies are lagging in tokenization adoption, with 75% of progress coming from developing countries. Fink compared the current stage of tokenization to the early internet and predicted significant growth over the coming decades, though he noted it will not replace traditional finance soon.
BlackRock’s Larry Fink Says Tokenization Could Be Biggest Financial Market Overhaul Since 1970s
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