BlackRock CEO Larry Fink Compares Tokenization to the 1996 Internet in Annual Chairman’s Letter

TLDR: Larry Fink compared tokenization to the internet in 1996, signaling a major shift in institutional thinking. BlackRock manages nearly $150B in digital assets, including BUIDL, the world’s largest tokenized fund. Fink sees digital wallets as a gateway for retail investors to access tokenized bonds, stocks, and ETFs. BlackRock holds $65B in stablecoin reserves, reflecting [...]

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