TradFi on-chain in progress! Blackrock CEO: Optimistic about digital assets, exploring more tokenization possibilities.

Global asset management leader BlackRock ('s CEO Larry Fink stated during the earnings report meeting on Tuesday that the company is seeking more development opportunities in the asset tokenization ) space, hoping to play a more important role in this field. He also anticipates that the digital asset market will grow significantly in the coming years.

Asset management leader BlackRock is actively exploring more tokenization possibilities.

Larry Fink pointed out at the earnings call on Tuesday that the current global market value of digital assets is about $4.5 trillion, and the scale will expand significantly in the future. He stated, "We will see exciting progress and announcements in asset tokenization and digitization in the coming years."

In fact, Larry Fink has always had a strong interest in tokenization. The CEO of this asset management giant believes that tokenization can fundamentally change the way financial markets operate. Issuing traditional assets ( such as bonds, funds, and real estate ) in the form of blockchain tokens can achieve immediate settlement, transparent ownership, and lower entry barriers.

Although BlackRock's digital asset division contributed only $61 million in revenue this quarter, accounting for a small portion of the company's total revenue of $1,928,374,656,501, its strategic importance clearly transcends the digital realm.

BlackRock lays out tokenization infrastructure

Currently, BlackRock manages assets totaling (AUM), exceeding 13.4 trillion USD, making it the largest asset management company in the world. The company is not only one of the first issuers of spot Bitcoin and Ethereum ETFs in the United States, managing approximately 93 billion USD and 17 billion USD in assets, respectively, but it also launched the world's largest tokenized money market fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund), with assets totaling 2.8 billion USD.

Last year, BlackRock led a $47 million financing round for digital asset securities firm Securitize, strengthening its layout in tokenization infrastructure.

This article is about the ongoing process of traditional finance going on-chain! Blackrock CEO: optimistic about digital assets and exploring more tokenization possibilities. First appeared in Chain News ABMedia.