BlackRock CEO wants SEC to ‘rapidly approve’ tokenization of bonds, stocks: What it means for crypto
BlackRock CEO Larry Fink said he’s “a huge believer in crypto” and urged the SEC to “rapidly approve” asset tokenization. Is this a net positive for the crypto sector?
Larry Fink, CEO of the world’s largest fund manager BlackRock, has expressed his hope that the US Securities and Exchange Commission (SEC) will swiftly approve the tokenization of bonds and stocks. During a CNBC interview on Jan. 23, Fink strongly endorsed digital assets, underscoring their potential to democratize investments.
The open question is whether this shift toward tokenizing traditional assets can benefit cryptocurrencies, which sectors might flourish, and which projects might face heightened competition.
There is no doubt that 24-hour worldwide trading and the transparency of blockchain technology bring advantages to assets such as bonds and stocks. However, this move relies on regulatory updates and approvals from relevant government agencies. More importantly, regulated assets may not align well with decentralized finance (DeFi).
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Author: Marcel Pechman
