BlackRock is planning to tokenize its iShares ETF products to enable investors to access traditional stocks and bonds without leaving digital wallets, CEO Larry Fink announced during the company’s earnings call. He described tokenization as “one of the most exciting areas of growth in financial markets.”
The asset manager views the almost $4 trillion held in digital wallets across crypto assets, stablecoins and tokenized assets as a significant growth opportunity. Currently, investors in digital wallets lack access to high quality traditional investment products, a gap BlackRock aims to address through tokenization.
The initiative particularly targets younger investors who are already comfortable with tokenized assets. “If we could orchestrate a business plan around tokenization of ETFs, it is young people who are heavy users of tokenized assets and then we could introduce them to more traditional assets sooner in their life path,” Fink said.
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