Overview
- Larry Fink and Rob Goldstein wrote in The Economist that tokenization marks the next major evolution in market plumbing, enabling near‑instant settlement and broader asset access.
- BlackRock points to rapid momentum, noting tokenized financial assets are up roughly 300% over about 20 months and highlighting its BUIDL fund at around $2.3 billion on‑chain.
- Fink says roughly three‑quarters of current adoption is occurring in developing markets, with the U.S., U.K., and EU trailing in where trading activity is taking place.
- The IMF warns that tokenized markets could transmit shocks at machine speed through atomic settlement and interconnected smart contracts, raising risks of flash crashes and liquidity strains.
- DealBook will host a scheduled discussion featuring Fink and Coinbase’s Brian Armstrong on the future of money and markets, with tokenization set for center stage.