#传统金融加速代币化 BlackRock CEO: Tokenization of Traditional Assets Will Spark the Next Financial Revolution

BlackRock CEO Larry Fink believes that the next major transformation in the global financial sector will stem from the tokenization of traditional assets such as stocks, bonds, and real estate.
In an interview, Fink stated that the company views tokenization as an opportunity to attract new investors into mainstream financial products through digital means.
According to Fink, the market size of this "digital wallet" is approximately $4.1 trillion. Fink explained, "If we can digitize an ETF and realize its digital form, we can attract investors who start investing in cryptocurrencies and guide them toward long-term products. This is the next major opportunity for BlackRock over the coming decades."
As the world's largest asset management firm, BlackRock manages up to $13.5 trillion in assets, including $104 billion related to cryptocurrencies—about 1% of its investment portfolio.

Tokenization Is Still in Its Early Stages
Fink pointed out that although tokenization has enormous potential, it is still in the preliminary development stage. He believes that, according to Mordor Intelligence research, by the end of 2025, the tokenized asset market valued at over $2 trillion will grow to more than $13 trillion, with further growth expected by 2030.
He added that BlackRock is already preparing to deepen its involvement in this field, with various internal teams actively exploring new tokenization strategies to solidify its leadership in digital asset management.
It is understood that the company is operating BUIDL (BlackRock USD Institutional Digital Liquidity Fund), the world's largest spot market fund in tokenized form, launched in March 2024 with assets totaling $2.8 billion. BlackRock's forward-looking approach has received positive feedback from Wall Street. Morgan Stanley reiterated its overweight rating on BlackRock stock in a research report, citing asset tokenization as one of the main reasons for its optimistic outlook on BlackRock.

From Cryptocurrency Skeptics to Blockchain Advocates
Fink's stance on digital assets is evolving, contrasting sharply with his previous criticisms of cryptocurrencies. In a recent program, he compared cryptocurrencies to gold and described them as a viable alternative for diversification. The CEO once called Bitcoin an "index of money laundering," but now admits his views have changed, stating, "I was a critic before, but I’ve been growing and learning."
With this shift, BlackRock’s increasing focus on blockchain technology and tokenized finance highlights how traditional institutions are becoming more proactive in embracing digital transformation in asset management.