"CEO Larry Fink said the global market currently holds more than $4.5 trillion in digital wallets, spanning crypto, stablecoins, and tokenized assets. "A lot of that money is outside the United States," Fink said on CNBC earlier today, emphasizing the opportunity for the firm to reach new investors through digital channels. Fink said tokenization could allow investors who are entering markets through crypto to access more traditional long-term products, such as retirement funds."
""If we could tokenize an ETF, we could get them into the more traditional long-term retirement products," he said, pointing to BlackRock's digital platforms, which include tokenized money market funds and Bitcoin investments that have grown to over $100 billion. Fink also said yesterday that Bitcoin and crypto "serve same purpose as gold." BlackRock's iShares Bitcoin Trust ETF, launched just 21 months ago, is BlackRock's most profitable fund - outranking even products that have been in circulation for more than two decades."
BlackRock is developing technology to tokenize a wide range of assets, including real estate, equities, and bonds. The global market holds more than $4.5 trillion in digital wallets across crypto, stablecoins, and tokenized assets, with a substantial portion located outside the United States. Tokenization could enable investors entering markets through crypto to access traditional long-term products such as retirement funds. BlackRock already offers tokenized money market funds and large Bitcoin investments exceeding $100 billion. The iShares Bitcoin Trust ETF became BlackRock's most profitable fund. Record inflows occurred across ETFs, private markets, AI-driven equity strategies, and investment technology platforms, driven by integrated active/passive and public/private strategies with technology overlays.
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