TechFlow news, December 2 — According to TheBlock, BlackRock CEO Larry Fink and Chief Operating Officer Rob Goldstein said tokenization is becoming a transformative force in global markets, with potential impact comparable to the rise of the early internet.
In an article published by The Economist, the two executives noted that recording asset ownership on digital ledgers could modernize the financial system by increasing efficiency, transparency, and accessibility. They believe tokenization is currently at a stage similar to the internet in 1996—developing rapidly and likely to expand faster than most people expect.
The executives emphasized two key advantages of tokenization: the potential for instant settlement and replacing cumbersome private market processes with code. They see tokenization as a bridge between traditional institutions and digital innovators, with investors eventually buying, selling, and holding all types of assets through a single digital wallet.
