BlackRock CEO Fink: Asset tokenization is the most disruptive financial innovation after ETFs

Planet Daily News: BlackRock CEO Larry Fink stated in his annual letter on Monday that asset tokenization is the most disruptive financial innovation after ETFs, with the potential to reshape the democratization of global finance. He pointed out that tokenization will revolutionize the settlement system that has existed for centuries, enabling on-chain instant clearing of assets including stocks, bonds, and real estate, releasing massive liquidity frozen due to settlement delays, and allowing capital to flow "frictionlessly around the clock". Fink also emphasized that asset tokenization will build a more inclusive financial infrastructure, enabling ordinary investors to access high-threshold areas previously limited to institutions through asset fragmentation, and enhancing governance participation through smart contracts. He believes that the construction of digital identity systems will determine whether tokenization can become mainstream, calling for global collaboration, referencing cases like India's Aadhaar, and establishing a compliant and efficient identity verification framework to unlock trillions of dollars in market potential.