BlackRock CEO says tokenization can improve financial system, speed up investment

BlackRock CEO Larry Fink stated in his annual letter that tokenization could help improve the structure of the financial system by enhancing asset issuance, trading, and accessibility, thereby accelerating investment participation. He noted that half of the world's population uses digital wallets on their mobile phones, suggesting this technology could eventually make investing in various companies as easy as making a payment. Fink emphasized that as market access expands through technological advancements and financial education, more people will be able to share in the benefits of economic growth.