BlackRock Predicts Tokenization Will Revolutionize Finance

BlackRock’s executives are comparing tokenization to the internet boom of the 1990s, arguing it will transform global markets faster than anticipated. The technology could significantly increase efficiency and transparency by replacing traditional asset management practices with digital records. This is based on their belief that recording ownership on digital ledgers will modernize finance. This sentiment is reflected in BlackRock’s substantial investments in digital assets, including its launch of Bitcoin and Ethereum ETFs and the deployment of its own tokenized products.