BlackRock CEO Larry Fink calls tokenization the next generation for markets as mainstream financial institutions move real assets onto blockchains.
RWA & Tokenization ·
Larry Fink, CEO of BlackRock, has characterized tokenization as "the next generation for markets," according to the asset manager overseeing $15 trillion in funds. The endorsement reflects a broader shift: after years of experimentation and pilot programs, mainstream financial institutions are now beginning to move actual assets onto blockchains at scale rather than in isolated tests.
The momentum follows a lengthy period in which tokenization—the process of converting real-world assets into blockchain-based digital representations—remained largely confined to proof-of-concept phases. Wall Street's pivot toward concrete deployment suggests the infrastructure and regulatory clarity needed for production deployment may be solidifying, though the full scope of institutional adoption timelines and asset categories targeted remains unclear.