Odaily Planet Daily reports that BlackRock CEO Larry Fink believes that the transition of assets to tokenization and digitalization is necessary and should be acted upon swiftly. Larry Fink pointed out that if all investments are conducted on tokenization platforms, it will reduce costs and enhance democratization, allowing capital to flow seamlessly between money market funds, stocks, and bonds. Additionally, having a universal blockchain can reduce corruption.
As the world’s largest asset management company, BlackRock’s flagship tokenization fund BUIDL is built on Ethereum. The cryptocurrency community interprets Larry Fink’s remarks as implying that Ethereum is the universal blockchain in its vision, positioning it as the infrastructure for institutional-grade real-world asset tokenization.
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