BlackRock CEO Laurence Fink released his annual letter to investors, focusing on expanding access to investing through technology.
He estimates that about half of the world’s population already uses digital wallets, and that this tool could become a new channel for investing in assets.
“Users who today send money via smartphone will, in the future, be able just as easily buy a stake in a company and hold it for years,” Fink said.
How Market Structure Is Changing
In the letter, tokenization is presented as a practical solution for reshaping financial infrastructure. It helps simplify asset issuance, speed up transactions, and lower entry barriers. In effect, traditional financial instruments are moving into a digital format that better fits modern user habits.
“Technological changes are opening these opportunities to a wider audience and making ownership structures more transparent,” he said.
How the Logic of Wealth Accumulation Is Changing
Fink linked the development of investment markets to wealth accumulation at both the household and national levels. He also noted that capital grows through investments rather than fixed-income products.
Within this framework, tokenization acts as a practical tool, converting existing assets into a format accessible to a mass audience. At the same time, the smartphone is gradually becoming the main entry point for long-term investing.
Fink added that BlackRock is building its client strategy around this approach, expanding participation among retail investors through digital solutions.