BlackRock "Tokenization, a bridge connecting traditional finance and virtual assets"

Larry Fink, Chief Executive Officer (CEO) of the world's largest asset manager BlackRock, and Rob Goldstein, Chief Operating Officer (COO), emphasized that tokenization will be a core technology connecting traditional finance and digital assets.

On the 3rd (Korean time), according to crypto-focused media Cointelegraph, CEO Fink and COO Goldstein wrote in an op-ed that "tokenization will serve as a bridge connecting traditional financial institutions such as banks and asset managers with digital asset operators such as stablecoin issuers, fintech, and public blockchains."

In the op-ed the two said, "The two industries are not competing but are learning interoperability," and "In the future, people will not separate stock and bond portfolios from crypto wallets." They went on to predict, "A future will come in which all kinds of assets can be bought, sold, and held in a single digital wallet."

The two also emphasized, "Initially, tokenization was mixed in with speculative surges in virtual assets, making it difficult to see the big picture; however, recently its potential has been confirmed in traditional finance," adding, "Through tokenization, in addition to listed stocks and bonds, a much wider range of real-world and unlisted assets can be tokenized to expand investable areas."

However, regulatory gaps were pointed out as an area for improvement. The two said, "Regulators should apply the 'same function, same regulation' principle," and "The fact that a tokenized asset exists on a blockchain does not change the nature of the asset."