BlackRock CEO highlighted the potential of tokenization of asset classes that could drive efficiencies in capital markets
Highlights
- Larry Fink, chairman and CEO of BlackRock, highlighted the exciting developments happening in the digital assets space.
- He said that in many emerging markets, such as India, Brazil and parts of Africa, there are dramatic advances in digital payments, which are bringing down costs and advancing financial inclusion.
- Mr.
- Fink also highlighted the potential of tokenization of asset classes that could drive efficiencies in capital markets, shorten value chains, and improve cost and access for investors.
- The company sees the industry as maturing and believes that the operational potential of the underlying technologies will continue to offer exciting opportunities.
- While there are clearly elevated risks and a need for regulation in the cryptocurrency market, BlackRock is optimistic
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