Official announcements from the U.S. Securities and Exchange Commission (SEC)

BlackRock CEO Larry Fink Urges SEC to Approve Tokenization of Bonds and Stocks to Democratize Markets

Jan 23, 2025, 12:45 PM

BlackRock CEO Larry Fink has expressed strong support for the tokenization of financial assets, stating at the Davos World Economic Forum that tokenizing bonds and stocks could revolutionize investing by democratizing access to markets. Fink emphasized the potential of tokenization to change the investment landscape in ways that are currently unimaginable. In a subsequent statement on CNBC, Fink urged the U.S. Securities and Exchange Commission (SEC) to rapidly approve the tokenization of bonds and stocks, highlighting his belief in the transformative power of blockchain technology. BlackRock's interest in tokenization is further evidenced by its $47 million investment in Securitize, a company focused on tokenized securities. Fink also mentioned a potential for Bitcoin to reach $700,000, and companies like Ondo Finance are positioning themselves at the forefront of this shift towards a global platform for issuing and trading tokenized securities.