PANews reported on November 15 that according to Cointelegraph, Larry Fink, CEO of BlackRock, the world's largest asset management company, said that "the 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 identification code (similar to CUSIP), all transactions will be recorded on a unified ledger, and investors will also receive exclusive identity recognition.
Fink said that tokenization can not only effectively prevent illegal activities, but more importantly, it can achieve instant liquidation and significantly reduce the settlement costs of stocks and bonds. In addition, tokenization will also bring the possibility of personalized investment strategies and improve the efficiency of corporate governance, ensuring that each shareholder can exercise 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 difficult-to-sell assets.
