Overview
- In a guest column for The Economist, Larry Fink and Rob Goldstein describe tokenization as the next major evolution in market plumbing with the potential for instantaneous settlement and wider asset access.
- They liken today’s stage to the internet in 1996 and note tokenized assets have grown roughly 300% over about 20 months.
- BlackRock’s BUIDL tokenized money market fund has reached approximately $2.3 billion in assets on-chain, according to RWA.xyz data.
- Fink says roughly 75% of current adoption is occurring in developing countries and warns the U.S., U.K. and EU are falling behind where trading is happening.
- The executives call for regulation and interoperability, framing tokenization as a bridge to existing systems, and Fink will discuss the topic with Coinbase’s Brian Armstrong at the DealBook Summit.