BlackRock CEO: The potential impact of asset tokenization can be compared to the rise of the early internet.

According to Deep Tide TechFlow news on December 2, as reported by Theblock, BlackRock CEO Larry Fink and COO Rob Goldstein stated that tokenization is becoming a transformative force in the global market, with potential impacts that can be compared to the rise of the early internet.

Two executives pointed out in an article in The Economist that recording asset ownership on a digital ledger can modernize the financial system by improving efficiency, transparency, and accessibility. They believe that tokenization is currently at a stage similar to the internet in 1996 – developing rapidly and potentially expanding faster than most people expect.

Two executives emphasized that the two main advantages of tokenization include the potential for instant settlement and replacing cumbersome private market processes with code. They believe that tokenization will become a bridge between traditional institutions and digital innovators, and investors will ultimately buy, sell, and hold all types of assets through a single digital wallet.