BlackRock CEO: Tokenization will forever change the financial industry, enabling freer movement of investments

BlockBeats News, on March 6, BlackRock CEO Larry Fink stated that there are many intermediaries in the financial services sector, with lengthy settlement cycles and complicated processes. If each asset could be digitized and seamlessly transferred from digital wallets in cash or stablecoins into stocks or bonds, it would significantly reduce friction and transaction costs. Currently, there is $4.1 trillion in funds in global digital wallets. If they want to invest in bonds, stocks, or real estate transactions, they must transfer funds from digital wallets to traditional wallets, which involves various commissions and fees.

The idea of tokenizing all assets (including real estate) is to greatly reduce these friction costs, making investing easier and simpler. It will enable a more freely flowing investment process.