BlackRock CEO Larry Fink has announced that the financial industry is entering the 'tokenization of all assets' era. In a CNBC interview on October 14, Fink detailed BlackRock's strategy to digitize $4.1 trillion in global assets through tokenized ETFs and platforms. He emphasized the need for clearer U.S. regulations to support this transition.
BlackRock's iBIT Bitcoin ETF has already surpassed $100 billion in assets, contributing to the firm's total digital holdings of $107.4 billion. The company is expanding its digital asset platform and has partnered with Coinbase Prime for custody operations. Additionally, Plume and Securitize are advancing real-world asset (RWA) adoption, with 280,000 users managing $200 million in on-chain assets.
BlackRock CEO Larry Fink Announces Start of Asset Tokenization Era
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