TechFlow news, November 4 — According to the Hong Kong Economic Times, BlackRock Chairman and CEO Larry Fink said at Hong Kong FinTech Week 2025 that financial technology innovation and cryptocurrencies have drawn significant attention in recent years. Many people are actually afraid of keeping all their money in the currency of their residence, and tokenization could be the most important part of the evolution of the global financial system. "If we can tokenize all ETFs—worth $5.3 trillion—and store them in digital wallets, users could seamlessly use digital currencies, stablecoins, or any other currency within their wallets to purchase bonds or stocks, with zero fees. I believe this is the future."
Fink expects more transactions will be conducted digitally in the future, and an increasing number of financial assets will be digitized and stored on a single blockchain, enabling seamless conversion among assets such as cash, stocks, and bonds. "I believe this day will come very soon."
Fink stated that gold and Bitcoin have their place: "I think they are symbols of fear. If you lack financial security, personal safety, or feel anxious, you will hold them." Currently, around $4.1 trillion is held in digital wallets, and this figure is growing rapidly.
