BlackRock CEO: Will Promote Asset Tokenization and ETF Tokenization

ChainCatcher news, according to Crypto In America, BlackRock CEO Larry Fink stated in an interview with CNBC that the company is advancing the tokenization of traditional assets such as real estate, stocks, and bonds, and is exploring putting ETFs on-chain to enable fractional ownership, accelerate settlement, and provide 24/7 access.

Fink said that BlackRock's assets under management reached $13.5 trillions in the third quarter, with the ETF platform surpassing $5 trillions. Among them, the iShares Bitcoin ETF has about $100 billions in assets and is the fastest-growing and most profitable fund.

Fink revealed that BlackRock is already developing internal asset tokenization technology and believes this move will attract more long-term and younger investors.