BlackRock CEO: The concept of tokenization will fundamentally change financial ownership and investment

ChainCatcher news, according to CNBC, asset management giant BlackRock's CEO Larry Fink hopes that all assets (from stocks to bonds, real estate, etc.) can be traded online on the blockchain. He stated that the concept of "tokenization" will fundamentally change financial ownership and investment, with every asset being tokenizable.

Larry Fink added that unlike traditional paper certificates that symbolize financial ownership, tokens can securely exist on the blockchain, enabling instant buying, selling, and transferring without paperwork or waiting, much like digital contracts.