The wave of tokenization is coming: BlackRock's BUIDL scale reaches $2.8 billion, Larry Fink makes a heavy bet on the RWA track.

Larry Fink, CEO of BlackRock, expressed high optimism about tokenization in a recent interview, viewing it as an “innovation that changes the game” and a core pillar of the company's long-term innovation strategy. He emphasized that tokenization is “the beginning of the tokenization of all assets,” allowing investors (including crypto asset holders) to seamlessly access traditional financial products like ETFs through blockchain platforms. BlackRock currently manages a $2.8 billion tokenized money market fund BUIDL and plans to expand its tokenized products to solidify its leadership in the tokenization revolution on Wall Street.

Larry Fink's Vision: Tokenization is the Next Trillion-Dollar Opportunity

BlackRock CEO Larry Fink candidly admitted that he has transitioned from a past skeptic of encryption to an advocate, believing that tokenization will fundamentally change the investment landscape.

· The beginning of the tokenization wave

Larry Fink emphasized that the company's growth is driven by a wide range of areas including cash management, AI-driven equity strategies, and Blockchain initiatives. Looking ahead, he views the tokenization of “real-world assets,” including real estate, stocks, and bonds, as the “next wave of opportunities.”

Fink stated: “I believe we are at the beginning of the tokenization of all assets, from real estate to stocks.”

· Connect traditional finance with digital infrastructure

He explained that blockchain-based tokenization will bridge the gap between TradFi and digital infrastructure. This approach will allow investors, even those using digital wallets or holding crypto assets, to seamlessly access traditional long-term financial products like ETFs.

· Existing tokenization products

As part of this vision, Fink revealed that BlackRock has been operating a tokenized money market fund — BlackRock USD Institutional Digital Liquidity (BUIDL) Fund. At the same time, BlackRock is also one of the largest managers of Bitcoin ETFs, with assets exceeding 100 billion dollars.

BlackRock's Strategic Deployment: BUIDL Fund Leads the Market

BlackRock has actively deployed in the tokenization space, and its BUIDL fund has become the largest tokenized money market fund in the market.

· ETF market dominance

BlackRock's spot Bitcoin and Ethereum ETFs remain the largest in the U.S. among similar products, with assets under management (AUM) of $93 billion and $17 billion, respectively.

· Achievements of the BUIDL Fund

In addition to the ETF, BlackRock has launched the BUIDL fund in collaboration with the tokenization company Securitize, which currently manages assets totaling $2.8 billion, operating on Blockchain platforms such as Ethereum, Solana, and Avalanche. This makes it the largest tokenized money market fund to date.

· Continuous expansion plan

BlackRock plans to expand its tokenization product line, which may include its flagship crypto assets and traditional ETFs. Reports suggest that BlackRock is exploring bringing stocks and other real-world assets on-chain to trade as digital tokens. These initiatives will position BlackRock at the forefront of the Wall Street tokenization revolution.

Conclusion

BlackRock CEO Larry Fink's strong optimism about tokenization marks a profound shift in traditional finance giants' understanding and strategies regarding Blockchain technology. He defines tokenization as the future trend of finance, evidenced by the success of the BUIDL fund and the enormous scale of Bitcoin and Ethereum ETFs. With BlackRock planning to bring more traditional assets onto the chain, tokenization will undoubtedly become the next key growth point connecting the crypto world with traditional investments. This trend will not only change the way assets are issued and traded but will also bring higher efficiency and lower barriers for global investors.

This article is for informational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions cautiously.