BlackRock Sees Tokenization as Next Big Opportunity in Finance
BlackRock CEO Larry Fink predicts that traditional financial assets will increasingly shift toward tokenization over the coming decades. He views digitizing assets—such as ETFs—via tokenization as a means to attract new investors, including those entering markets through crypto, and to guide them into long-term retirement products. Fink believes asset tokenization is still in its early stages but expects growth across sectors including real estate, equities, and bonds. The tokenization market, valued at over $2 trillion for 2025, is projected to exceed $13 trillion by 2030. BlackRock, with $13.5 trillion in assets under management, holds $104 billion in crypto assets and operates the world’s largest tokenized cash market fund. Fink, once a crypto skeptic, now acknowledges crypto as a viable diversification tool similar to gold, though he advises it should remain a small portion of portfolios. BlackRock aims to expand its role in asset tokenization, with teams exploring further opportunities.
