Morning Minute: Larry Fink Says Crypto, Tokenization Just Getting Started
BlackRock CEO Larry Fink discussed the evolving role of crypto, emphasizing that the launch of spot Bitcoin ETFs is only the start. He predicts a future where tokenization extends to mutual funds, private credit, money markets, real-world assets, and more, all issued as tokens with built-in compliance and near-instant settlement. BlackRock is developing technology to deliver these assets directly to digital wallets, reducing settlement friction, cutting costs, and increasing accessibility and portability for clients. While affirming Bitcoin’s continued relevance, Fink considers responsible sizing important. He believes that ETFs are today’s entry point, but widespread asset tokenization is the true long-term shift. This could democratize access and efficiency but might challenge Ethereum’s previously anticipated dominance in real-world asset tokenization, especially if major institutions use their own platforms instead. The overall impact remains uncertain, but the move signals a major transformation in asset management and investment.
