BlackRock and IMF Clash Over Tokenization’s Future in Finance
BlackRock, the world's largest asset manager, has positioned tokenization as the most significant market evolution since the dawn of the internet. CEO Larry Fink and COO Rob Goldstein liken its potential to the advent of SWIFT or the shift from paper to electronic trading—a foundational upgrade for global finance.
Meanwhile, the International Monetary Fund warns of uncharted risks. Tokenized markets, they argue, could amplify financial instability through smart-contract failures and liquidity crises that propagate at algorithmic speeds. The debate underscores a fundamental divide: one side sees infrastructure reinvention, the other sees systemic fragilities on steroids.