Tokenization of the market, from stocks to bonds to real estate is coming, says BlackRock CEO Larry Fink, if we can solve one problem

Bitwise Spot Bitcoin ETF (BITB) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 11, 2024, with trading commencing on the first US exchange-traded funds that invest directly in the biggest cryptocurrency. If the vision of Larry Fink — CEO of BlackRock , the world's biggest money manager — becomes reality, all assets from stocks to bonds to real estate and more would be tradable online, on a blockchain. "Every asset — can be tokenized," Fink wrote in his recent annual letter to investors. Unlike traditional paper certificates signifying financial ownership, tokens live securely on a blockchain, enabling instant buying, selling, and transfers without paperwork or waiting — "much like a digital deed," he wrote. Fink says it would be nothing short of a "revolution" for investing. Think 24-hour markets and a trading settlement process that can be compacted down into seconds from a process that today can still take days, with billions of dolla ... Read full article.