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.
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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.
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