BlackRock Plans Finance Revolution: Tokenizing All Assets via Blockchain Technology
January 15, 2024BlackRock 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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