BlackRock CEO lobbying stocks and bonds tokenization

Larry Fink, CEO of BlackRock, has expressed significant interest in the tokenization of financial assets, particularly stocks and bonds, after the announcement of 500B Stargate AI project.

In a recent discussion on CNBC, he stated, “I want the SEC to approve the tokenization of bonds and stocks rapidly.” His comments and actions reflect a strong advocacy for tokenizing these assets.

He also mentioned that they (BlackRock) won’t “have to proxy vote anymore[..], and it would save more money for more people.“

Fink has publicly discussed the potential of tokenization in transforming financial markets. He mentioned tokenization as the “next step” for financial assets, suggesting that every stock and bond could be tokenized. This would mean using blockchain technology to represent these assets digitally, potentially improving efficiency, reducing costs, and enhancing transaction transparency.

BlackRock has been actively exploring the digital assets space, with Fink mentioning in his annual letters to shareholders that the firm is considering tokenization. This includes tokenizing stocks and bonds, which could streamline processes and offer new investment opportunities.

Fink has emphasized the need for regulation in the digital assets market to mature and mitigate risks. His comments suggest an expectation or hope for a regulatory framework to facilitate innovations like tokenization.

In various previous interviews, Fink has described tokenization as a technological revolution in finance, indicating his belief in its future impact. He has pointed out that while Bitcoin ETFs are significant, they are just the beginning compared to what tokenization could achieve.