Tokenization is the future
Led by Larry Fink, the company BlackRock is a giant in the financial sector, whose influence can bend regulatory bodies like the SEC to its will.
Without them, the American regulator would not have allowed the creation of spot ETFs on bitcoin or ether.
Its CEO – Larry Fink – after years of skepticism towards digital assets and the blockchain technology behind them, has finally understood their potential. In recent years, he has repeatedly mentioned that $BTC
is the future of finance, and previously he was mistaken.
Fink pointed to the sector of tokenization of real-world assets as something that will revolutionize the markets, in addition to bitcoin.
The impact of RWA on transferring assets such as stocks, bonds, and real estate to blockchain will make this a gamechanger for trading them.
Every stock, every bond, every fund, every asset can be tokenized. If this happens, it will revolutionize investing. Markets will not need to close. Transactions that currently take days will be settled in seconds. And billions of dollars currently tied up by settlement delays could be immediately reinvested in the economy, generating greater growth
– he added.
BlackRock launched a special fund for tokenization last year – BUIDL – which has proven to be a great hit in the markets. Additionally, the value of the assets it manages has already exceeded 2 billion dollars.