The head of the world’s largest asset management firm told CNBC that over the coming decades, traditional financial assets will gradually transition into tokenized form. He said that the digitalization of investments represents the next stage in BlackRock’s evolution and will open the door to mass participation in the financial system of the future.
Fink emphasized that he sees tokenization as a new wave of opportunity for BlackRock. He explained that the process will help engage newcomers who start their investment journey through cryptocurrencies, introducing them to traditional investment products such as pension and exchange-traded funds.
He added that tokenization is still in its early stages and will eventually extend to a broad range of asset classes – from real estate to stocks and bonds. In his view, all types of assets will ultimately be digitized.
In its latest quarterly earnings report, BlackRock highlighted tokenization as a strategic focus. The company currently has several teams exploring potential applications of the technology.
From Criticism to Acceptance
Just a few years ago, Fink was openly critical of the crypto industry, noting that BlackRock clients had little interest in digital assets. Today, he admits his stance has changed.
“Yes, I was a skeptic. But I’m evolving and learning,” Fink said in the interview.
His statements reflect a clear shift in how Wall Street views blockchain and crypto technologies, with tokenization now seen as a natural extension of the broader digital transformation of finance.
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