BlackRock CEO: Tokenization is inevitable; universal blockchain is the future.

BlackRock CEO Larry Fink believes that the tokenization and digitalization of assets is necessary and should be acted upon swiftly. Fink points out that if all investments are made on a tokenized platform, fees will decrease and democratization will increase, allowing capital to flow seamlessly between money market funds, stocks, and bonds. Furthermore, having a universal blockchain can reduce corruption. BlackRock, as the world's largest asset management company, has its flagship tokenized fund, BUIDL, built on Ethereum. The cryptocurrency community interprets Fink's comments as suggesting that Ethereum is the universal blockchain of his vision, positioning it as the infrastructure for institutional-grade real-world asset tokenization.