Digital Securities Lab Community Manager
- May 30, 2022
BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities." In the world of blockchain, tokenization refers to a process where a digital representation of an asset is created on a blockchain, authenticating its transaction and ownership history. This approach enables a different way to trade assets like stocks, bonds, real estate, or even alternative assets like land, wine, or art, allowing the transfers to be visible on a public ledger.
BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization - Decrypt
BlackRock joins a growing number of firms backing the tokenization of securities, despite the CEO’s wider crypto cynicism.