Fink predicts that tokenization could be the next big trend in the crypto industry
The BlackRock head sees an opportunity in the digital assets space where underlying technologies can enhance the efficiency of capital markets, shorten value chains, and increase accessibility for investors.In his view, the fragmentation of asset categories into tokens presents a highly encouraging prospect.
He has confirmed that Blackrock is actively delving into the realm of digital assets with an emphasis on permissioned blockchains and the conversion of stocks and bonds into tokens. However, Fink acknowledges that while the industry is maturing, there is still no regulatory clarity. He has assured investors that they will apply the same standards and controls to crypto that they do across their business. , Fink predicted that most cryptocurrency companies would fail during his recent appearance at a summit. The BlackRock boss also revealed that BlackRock put $24 million into the defunct FTX exchange, but it was then forced to mark that sum down to zero.
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