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BlackRock CEO Larry Fink said tokenization will drive the firm’s ”next wave of opportunity,” predicting that traditional assets will increasingly move onto blockchains over the coming decades. S peaking in an interview on CNBC’s Squawk Box, Fin k said institutions are likely to “start moving away from traditional financial assets by repotting them in a digital manner.” “I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds  — across the board,” he said. ” We look at that as the next wave of opportunity for BlackRock over the next tens of years.” CEO of world’s largest asset manager… “We're just at the beginning of the tokenization of all assets.” Yes, includes ETFs. Larry Fink on his positively evolving attitude towards crypto: “I grow & learn.” Good lesson here. And some of you *still* think crypto i...

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). As stated by Securitize chief executive and co-founder Carlos Domingo, “We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization. Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have be...