At the New York Times' 2022 DealBook Summit held on November 30, Larry Fink, CEO of BlackRock, one of the world's leading investment management firms, discussed his views on the future of blockchain technology.

With a long history in finance and investing, Fink has a unique perspective on how blockchain technology is impacting global markets. In his opinion, tokenization will be the future of global markets for businesses because it offers more opportunities. 

Tokenization is a revolutionary technology that enables the transfer of digital assets between two or more parties over a secure, reliable, and efficient blockchain network. It provides an immutable record of ownership and transaction history for each asset that is tokenized.

Tokenization has the potential to revolutionize traditional business models by providing enhanced transparency, security, and flexibility in the management of assets.

Larry Fink argued that tokenization could offer instantaneous settlement and reduced fees associated with manual processes such as paperwork and authentication requirements. However, crypto-related companies face an uncertain future. Most of these companies are unlikely to stay in business as tokenization takes over the market. 

He further added that the implementation of such technology wouldn't disrupt BlackRock's business model in any significant way.

Tokenization is quickly becoming a go-to investment strategy for many industry titans, and BlackRock is certainly no exception. However, they are not the only major player making waves in this field. Adam Neumann, the former founder of WeWork, has recently spearheaded a venture called Flowcarbon that is tokenizing carbon credits and has already raised $70 million in investments.