BlackRock: Tokenization is evolving at a pace comparable to the early Internet, poised for significant growth

BlockBeats News, December 2nd, BlackRock CEO Larry Fink and COO Rob Goldstein published an article in The Economist titled "How Tokenization Is Revolutionizing Finance," pointing out that tokenization is shaping the next stage of the global market by connecting traditional finance and digital finance to modernize infrastructure, thereby improving efficiency, transparency, and access. Tokenization can replace paper documents with code, reducing the friction that leads to high costs and delays in asset transactions, and transforming large illiquid assets (such as real estate or infrastructure) into smaller, more accessible units. The current stage of tokenization development is roughly equivalent to the early days of the "Big Tech" 7, and its development speed will rival that of the Internet and achieve tremendous growth over several decades. In the future, various types of assets can be bought, sold, and held through a single digital wallet.