BlackRock Unveils Asset Tokenization Strategy, Driving Industry Shift

Larry Fink, CEO of BlackRock, has announced the firm’s commitment to asset tokenization, a move poised to reshape the financial industry. This strategy is already in action with $2.8 billion allocated to the BUIDL fund. BlackRock aims to integrate this groundbreaking approach across its operations, leveraging it for products like the company’s USD Institutional Digital Liquidity Fund which holds significant market share within the Bitcoin and Ethereum ETF space.