BlackRock CEO: Tokenization Will Change the Financial Industry Forever, Enabling Freer Flow of Investments

Jinse Finance reported that BlackRock CEO Larry Fink stated that there are a large number of intermediaries in the financial services sector, with lengthy settlement cycles and cumbersome processes. If every asset could be digitized and enable seamless movement from cash or stablecoins in digital wallets into stocks or bonds, it would significantly reduce friction and transaction costs. Currently, there are $4.1 trillion in global digital wallets. If people want to invest in bonds, stocks, or conduct real estate transactions, they must transfer funds from digital wallets to traditional wallets, which involves various commissions and fees. The idea of tokenizing all assets (including ultimately real estate) is to greatly reduce these friction costs and make investing easier and simpler. It will enable a freer and more fluid investment process.