BlackRock CEO seeks tokenization approval from SEC - Altcoin Buzz In an interview with CNBC, Mr. Tokenization
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Tokenization will allow users to access cheaper financial instruments. The combination of lower prices and simplified transactions will lead to cheaper and more accessible services.
#BlackRock (@BlackRock) CEO Larry Fink, a big proponent of #blockchain , said on @CNBC live, The SEC is a big believer in bonds and I hope the SEC quickly approves the #tokenization of bonds and stocks.
BlackRock's tokenization activities demonstrate a broad practical basis. With its ethereum-based BUIDL tokenized money market fund, the company is demonstrating how blockchain technology can remake traditional financial instruments BUIDL leads the industry with a $600 million market capitalization.
Is tokenization necessary? '
Bloomberg analyst Eric Bartunas doubts the need for tokenization in the current market conditions. He explained that investors can obtain ownership of stocks and bonds without much cost, while remaining under the supervision of regulators. According to Bartunas, investors are attracted by the advantages of traditional investments combined with diversified control over assets. Investors like professional asset management because there are no commissions.
I understand the possibility of tokenization, but I think your idea needs legal expertise. But again, my comments are about the "end game" in investing: 80 million Americans own ETFs and mutual funds, and I look at it from their perspective as an end user.
Despite the criticism, the digitalization of bonds and Equity Capitalization has the potential to improve the financial industry and change important areas. Tokenized bonds can outperform stable coins. Digital assets that operate in a real economic interest rate environment compare favorably to other alternatives. Once these assets are introduced, users will be able to trade and borrow traditional financial instruments through the DeFi platform.
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