At the Davos Forum, BlackRock CEO Larry Fink focused on financial infrastructure rather than cryptocurrency trends. He advocates for establishing a single shared blockchain settlement system to reduce costs, delays, and fragmentation. He believes that the true value of tokenization lies in eliminating intermediaries, but this can only be achieved when built on a unified infrastructure. Fink emphasized that emerging markets like Brazil and India are leading the way in building efficient digital systems, while discussions in Western countries are relatively lagging. His envisioned ledger is likely permissioned and targeted at institutional users, with the goal not of speculation but of fixing the flaws in the global financial backend.