Larry Fink: “We’re beginning to tokenize all assets.”Translation: The same people who crashed the economy in 2008 now want to tokenize your mortgage, your paycheck, your car, your life—on a blockchain they control.They’re saying the quiet part out loud. Again. Believe them.
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BlackRock CEO Larry Fink stated the financial industry is at “the beginning of the tokenization of all assets” during an Oct. 14 interview on CNBC’s Squawk on the Street. The comment came as the firm’s iBIT Bitcoin ETF surpassed $100 billion in assets and total digital holdings reached $107.4 billion.
Fink outlined a strategy to access $4.1 trillion held in digital wallets globally by digitizing traditional financial products. He described the approach as “repotting” assets like ETFs into digital formats, pointing to the firm’s tokenized money market fund and expanding digital asset platform as examples.
https://finance.yahoo.com/news/blackrock-ceo-larry-fink-declares-194215457.html
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