BlackRock Developing Tokenization Tech Amid Bitcoin, Ethereum ETF Success
The world’s largest asset manager is developing its own technology related to digital representations of traditional assets, BlackRock CEO Larry Fink said on Tuesday. If the company—which disclosed a record $13.46 trillion in assets under management—could move toward offering ETFs as tokens to investors, then that would broaden access to capital markets and reduce fees, he said during the firm’s third-quarter earnings broadcast. As BlackRock leans deeper into digital assets, Fink said the firm is already “h ...