Tokenization refers to the process where a digital representation of an asset is created on a blockchain and used to verify its authenticity and track its ownership history. “Think about instantaneous settlement bonds and stocks, no middlemen, we’re going to bring down fees even more dramatically,” he explained. “I believe the next generation for markets, the next generation for securities, will be tokenization of securities,” Fink said. In response to a line of questioning from New York Times journalist Andrew Sorkin that revolved around exchange-traded funds (ETF), Fink suggested that while he sees ETFs as the driving force behind the previous evolution in investing, tokenization will power the next one. 30, saying that the future for global markets will be tokenization. Larry Fink, the CEO of BlackRock, discussed his views on where blockchain technology is headed at the New York Times’ 2022 Dealbook Summit held on Nov.
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