BlackRock: tokenization to be the biggest shift in finance since double-entry bookkeeping
BlackRock CEO Larry Fink and COO Rob Goldstein highlight tokenization as a new technological milestone for global markets. This development enables rapid asset transfers without intermediaries and signifies a fundamental change in financial infrastructure, critical for speeding up and simplifying transactions.
Source BlackRock
Tokenization allows digital ledgers to transfer assets instantly, eliminating paperwork, delays, and counterparty dependencies. Moreover, it opens private markets by turning illiquid assets into accessible digital shares, significantly reducing costs and moving transactions closer to real-time settlements, beyond the traditional T+1 or T+2 framework.
These upcoming changes promise to transform finance profoundly, presenting new investment opportunities and accelerating capital flow in the global economy.
