Asset management giant BlackRock expects traditional financial assets to shift toward a tokenized version of them over the next few decades, according to CEO Larry Fink.
During an interview with CNBC’s Squawk on the Street on Tuesday, Fink said he views tokenizing all assets as the next major move for his company and a good opportunity to onboard more people.
“If we can tokenize an ETF, digitize that ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, they’re investing in it, but now we can get them into the more traditional long-term retirement products,” he said.
“We look at that as the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by repotting…more
Source cointelegraph.com
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