BlackRock: Tokenization Growing at Internet Speed, Poised for Massive Growth

BlackRock CEO Larry Fink and COO Rob Goldstein published an article in The Economist titled "How Tokenization is Revolutionizing Finance," in which they pointed out: Tokenization is shaping the next stage of the global market, modernizing infrastructure by bridging traditional finance and digital finance, thereby improving efficiency, transparency, and accessibility.

Tokenization can replace paper-based processes with code, reducing the friction that leads to high costs and delays in asset transactions, transforming large illiquid assets (such as real estate or infrastructure) into smaller, more easily accessible units.

The current stage of tokenization roughly equates to the early days of the “Big Tech 7,” with its development pace set to rival that of the internet and achieve significant growth over decades. In the future, various types of assets can be bought, sold, and held through a single digital wallet.

[BlockBeats News]