BlackRock CEO Larry Fink Sees Tokenization as Next Major Opportunity
BlackRock CEO Larry Fink has positioned tokenization as the firm's next strategic frontier, revealing plans to expand its $104 billion crypto holdings during Tuesday's earnings call. The asset management giant, which oversees $13.5 trillion globally, views blockchain-based asset representation as key to modernizing traditional finance.
Fink's endorsement signals institutional maturation, with BlackRock already operating the $2.8 billion BUIDL fund across multiple chains. The projection of tokenized assets growing from $2 trillion to $13 trillion by 2030 underscores the scale of this financial transformation.
"We're just at the beginning of the tokenization of all assets," Fink stated, framing digitized ETFs as a bridge between crypto investors and retirement products. His evolving perspective reflects Wall Street's growing acceptance of blockchain infrastructure for market efficiency.
