Tokenization is emerging as a faster and safer upgrade to existing financial infrastructure and helps eliminate settlement delays.
BlackRock executives say tokenized assets can expand investment opportunities.
BlackRock’s Larry Fink and Rob Goldstein argue that tokenization is moving the financial industry toward a faster, more efficient foundation. In a new column for The Economist, the executives noted that existing systems, despite having been upgraded for decades, still suffer from delays, intermediaries, and settlement risks. Blockchain-based records, they say, can eliminate friction and enable assets to move at the pace of modern markets.
According to the BlackRock execs, the ability of tokenization to standardize instant settlement is its greatest benefit. Markets still trade according to different clocks, and every window of time presents the financial risk of failure against a counterparty. They explain that tokenized assets remove those timelines by allowing for the imm
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