BlackRock: Tokenization is developing at a speed comparable to the early Internet and will achieve huge 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 stated: 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 the 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 "Big Seven Tech Companies" had not yet been established. Its development speed will be comparable to the speed of the Internet's development and will achieve tremendous growth within 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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