“Tokenization: BlackRock CEO’s New Obsession (Spoiler: It’s Not Glitter)”

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So, apparently, Larry Fink, the CEO of BlackRock-you know, the ginormous asset management company that basically owns your pension fund-has decided that tokenization is the Next Big Thing™. 😱 During a chat with CNBC’s Squawk on the Street, he basically said, “Hey, let’s make everything digital, because who needs tangible assets in 2025 anyway?” 🤷‍♀️

Fink’s vision? Turn ETFs into digital tokens so crypto bros can finally feel like they’re investing in something *real*-like retirement funds. 🤑 Because nothing screams “long-term stability” like blockchain, right?

“If we can tokenize an ETF, digitize that ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, they’re investing in it, but now we can get them into the more traditional long-term retirement products.”

Oh, and in case you forgot, BlackRock manages *only* $13.5 TRILLION in assets. No big deal. 🙃 They’ve also dipped their toes into crypto with $104 billion, which is, like, 1% of their portfolio. So yeah, they’re basically crypto billionaires. 🤑

Tokenization: Still a Baby 👶

Fink admitted that tokenization is still in its diaper-wearing phase, with plenty of room to grow. He’s talking about everything-real estate, equities, bonds-getting the digital treatment. Because why not? 🏠💻

According to Mordor Intelligence (yes, that’s a real company name), the tokenization market is worth $2 trillion now but is expected to hit $13 trillion by 2030. 🚀 So, yeah, apparently, Larry’s onto something. Or he’s just really good at predicting the future. 🔮

Oh, and BlackRock’s already got the largest tokenized cash market fund, BUIDL, worth $2.8 billion. Because of course they do. 🙄

Larry Fink: Crypto’s New Best Friend? 🤝

Remember when Fink hated crypto? Like, *really* hated it? In 2017, he called it a “money laundering index.” 🤣 Fast forward to now, and he’s all, “Crypto is the new gold! Diversify, people!” 🤑 During his *60 Minutes* interview, he said:

“There is a role for crypto in the same way there is a role for gold; it’s an alternative. For those looking to diversify, this is not a bad asset, but I don’t believe it should be a large part of your portfolio.”

So, yeah, Larry’s gone from “crypto is the devil” to “crypto is…fine, I guess.” Progress? Maybe. Growth? Definitely. 🌱

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2025-10-15 05:52