BlackRock: Tokenization is developing at a pace comparable to the early internet and will achieve massive growth

On December 2nd, BlackRock CEO Larry Fink and COO Rob Goldstein published an article in The Economist titled "How Tokenization Can Transform Finance," which pointed out that: Tokenization is shaping the next stage of development in global markets by modernizing infrastructure through connecting traditional and digital finance, thereby improving efficiency, transparency, and accessibility.

Tokenization can replace paper documents with code, thereby reducing friction that leads to high costs and time-consuming asset transactions, and transforming large, unlisted assets (such as real estate or infrastructure) into smaller, more accessible units.

Today, the development stage of tokenization is roughly equivalent to the period when three of the "Tech 7 Giants" had not yet been established. Its development speed will be comparable to the speed of the Internet's development and will achieve tremendous growth in a few decades. In the future, all types of assets can be bought, sold, and held through a single digital wallet.

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