certify
Home arrow Article arrow Article Detail

BlackRock CEO: Tokenization Will Revolutionize Markets

Profile Image

Pavan A Follow

INDIA

Dec, 12 2022

Dec, 12 2022

likes | comments 0

Article Image

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. 


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
EU legislators make efforts to implement stricter rules on anonymous crypto transfers

To stop money laundering and terrorism financing, European Union legislators have endorsed a new draught rule putting a maximum of 1,000 euros ($1,083) on anonymous cryptocurrency transfers..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.