#BlackRock CEO Building #Tokenization Tech for #DigitalAssets
BlackRock is developing proprietary technology for tokenizing traditional assets as CEO Larry Fink doubles down on bringing markets on-chain. The world's largest asset manager disclosed plans during its third-quarter earnings call, signaling major institutional adoption ahead.
Fink stated the firm aims to tokenize all assets with multiple intermediaries to reduce fees and broaden market access. The company manages $13.46 trillion in assets and reported $61 million in revenue from digital asset products. Teams across BlackRock are exploring how #tokenization can enhance efficiency.
The asset manager already issues the largest spot
$BTC and
$ETH exchange-traded funds in the United States. These products hold $93 billion and $17 billion in assets under management, respectively. BlackRock also operates the $2.8 billion BUIDL fund, the leading tokenized money market product issued with Securitize.
Fink emphasized real estate as one sector where #tokenization could eliminate costly intermediaries. Since every layer involved in property transactions charges fees, tokenization could make home ownership more affordable. Digital representations of assets could streamline processes and reduce expenses across multiple asset classes.
