BlackRock CEO sees ‘new wave of opportunity’ in tokenization

BlackRock is the largest asset manager in the world, with $13.46 trillion in assets under management and comprising $104 billion in crypto assets.

Asset management giant BlackRock expects traditional financial assets to shift toward a tokenized version of them over the next few decades, according to the company’s 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. 

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