BlackRock Plans Finance Revolution: Tokenizing All Assets via Blockchain Technology

January 15, 2024
BlackRock Plans Finance Revolution: Tokenizing All Assets via Blockchain Technology
  • BlackRock CEO Larry Fink announces plans for a technological revolution in finance.

  • Fink aims to tokenize every financial asset using blockchain technology to streamline and reduce transaction costs.

  • BlackRock has successfully launched the iShares Bitcoin Trust and is now moving towards tokenizing assets such as stocks, bonds, real estate, and alternative investments.

  • Fink sees value in having an Ethereum exchange-traded fund (ETF) as a stepping stone towards tokenization.

  • BlackRock has registered the iShares Ethereum Trust with Coinbase, believing in CME surveillance to detect fraud.

  • The company's overall goal is to leverage technology to eliminate corruption and revolutionize the financial markets.

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