Larry Fink, CEO of BlackRock, the world's largest asset manager, said that "tokenization of financial assets will be the next step in future development." He pointed out that in the future, every stock and bond will have a unique identifier (similar to CUSIP), all transactions will be recorded on a unified ledger, and investors will be given exclusive identification.
Fink said tokenization not only effectively prevents illegal activities, but more importantly, enables instantaneous clearing and significantly reduces the cost of settling stocks and bonds. In addition, tokenization will bring the possibility of personalized investment strategies and enhance the efficiency of corporate governance, ensuring that each shareholder can exercise his or her voting rights in a timely and accurate manner. Tokenizing real-world assets such as real estate, commodities, wine or art means creating blockchain tokens that represent ownership, making it easier to trade these traditionally hard-to-sell assets.
