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- Larry Fink says tokenization is the “next wave of opportunity” for BlackRock.
- BlackRock’s BUIDL fund already leads the tokenized cash market.
- Fink now sees crypto as a valid alternative asset, like gold.
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BlackRock CEO Larry Fink believes the future of finance lies in tokenization, marking a shift from traditional financial assets toward Digital versions over the coming decades. Speaking with CNBC, Fink described tokenization — the process of representing real-world assets like stocks, bonds, or real estate on a blockchain — as the company’s “next major move.”
“If we can tokenize an ETF and digitize that ETF,” Fink said, “we can help new investors enter the market through crypto and guide them toward long-term retirement products.” He called this a generational opportunity for BlackRock to modernize its offerings while expanding access to new investors.
Tokenization Still in Its Early Stages
Despite his optimism, Fink acknowledged that asset tokenization remains in its infancy, with enormous growth potential ahead. “We’re just at the beginning of tokenizing all assets — from real estate to equities to bonds,” he noted.
According to Mordor Intelligence, the asset tokenization market is already worth over $2 trillion in 2025 and could surpass $13 trillion by 2030, highlighting how rapidly the space may evolve.
BlackRock, managing $13.5 trillion in total assets, is already a major player. Its tokenized cash market fund, BUIDL, launched in 2024, now holds $2.8 billion, making it the largest of its kind.
From Skeptic to Advocate
Fink’s embrace of digital assets marks a dramatic turnaround. Once dismissive of crypto — calling it “an index of money laundering” in 2017 — he now compares it to gold as an alternative asset for portfolio diversification. “There is a role for crypto,” he said. “It’s not a major allocation, but it’s a valuable one.”
Also Read: Larry Fink Now Calls Bitcoin a Legit Asset — BlackRock CEO Says BTC ‘Not a Bad Diversifier’
This shift underscores how traditional finance leaders are warming to blockchain technology as tokenization blurs the line between Wall Street and Web3.
The Road Ahead
With internal teams exploring blockchain solutions and expanding tokenized products, BlackRock’s pivot could accelerate mainstream adoption of digital assets. If realized, Fink’s vision may reshape how trillions of dollars move through global markets — one token at a time.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
