BlackRock CEO: Tokenization could make mobile investing as convenient as making payments

PANews reported on March 24th, citing The Block, that BlackRock CEO Larry Fink stated in his annual letter to shareholders that tokenization has the potential to make investing as simple as sending a payment, given that half the world's population has digital wallets on their phones. He pointed out that tokenization can make investments easier to issue, trade, and access by updating the underlying architecture of the financial system. This is the second consecutive year that Fink has emphasized the potential of tokenizing traditional investments; last year he focused on upgrading the financial system's infrastructure with blockchain technology, while this year he is more focused on accessibility and scalability. BlackRock is currently the largest issuer of spot Bitcoin ETFs and has become one of the most active traditional asset management companies in the digital asset space.