BlackRock CEO: Financial asset tokenization will be the next step in future development

According to Cointelegraph, Larry Fink, CEO of BlackRock, the world's largest asset management company, stated that "tokenization of financial assets will be the next step in future development. He pointed out that in the future, every stock and bond will have a unique identification code (similar to CUSIP), all transactions will be recorded on a unified ledger, and investors will also receive exclusive identification. Fink stated that tokenization not only effectively prevents illegal activities, but more importantly, enables instant clearing, significantly reducing the settlement costs of stocks and bonds. In addition, tokenization will also bring the possibility of personalized investment strategies and enhance corporate governance efficiency, ensuring that each shareholder can exercise their voting rights in a timely and accurate manner. Tokenizing real-world assets such as real estate, commodities, wine, or art means creating blockchain tokens representing ownership, making it easier to trade these traditionally difficult to sell assets.