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BlackRock executives claim that blockchain tokenization will drive transformation in financial infrastructure, with BUIDL reaching $2.3 billion.
BlackRock executives stated that the financial system is undergoing the largest infrastructure transformation since the emergence of electronic information technology in the 1970s, driven by blockchain-based tokenization technology. CEO Larry Fink and COO Rob Goldstein pointed out in an Economist column that the financial industry is "entering the next major transformation phase of market infrastructure," with tokenization expected to transfer assets in a faster and more secure manner.
Tokenization records ownership of assets on a digital ledger, enabling trading and settlement of assets such as stocks, bonds, and real estate without the need for traditional intermediaries. BlackRock believes that this technology can expand the range of investable assets and achieve instant settlement, while replacing manual processes and customized settlement methods. Executives emphasize that tokenization will not immediately replace existing systems, but will serve as a "bridge" connecting traditional institutions with digital innovators.
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