[BlackRock Executives: Tokenization Will Drive Global Market Development and Enhance Asset Trading Efficiency]
BlackRock CEO Larry Fink and COO Rob Goldstein wrote in *The Economist* that tokenization is propelling global markets into a new stage of development by modernizing infrastructure through the integration of traditional finance and digital finance, thereby improving efficiency, transparency, and accessibility. Tokenization can replace paper documents with code, reducing transaction costs and time, and transform large, unlisted assets into smaller, more accessible units. The two executives believe that the pace of tokenization's development will rival that of the internet and achieve significant growth in the coming decades, with various assets potentially being traded and held via digital wallets.