BlackRock CEO: Will Promote Asset Tokenization and ETF Tokenization

ChainCatcher news, according to Crypto In America, BlackRock CEO Larry Fink stated in an interview with CNBC that the company is advancing the "tokenization" of traditional assets such as real estate, stocks, and bonds, and exploring the on-chain implementation of ETFs to achieve fragmented ownership, accelerate settlement, and provide 24/7 access.

Fink mentioned that BlackRock's assets under management reached $13.5 trillion in the third quarter, with the ETF platform surpassing $5 trillion, among which the iShares Bitcoin ETF has approximately $100 billion in assets and is the fastest-growing and most profitable fund.

Fink revealed that BlackRock is developing internal asset tokenization technology, believing that this move will attract more long-term and younger investors.