Opinion: BlackRock's Vision for a Universal Blockchain or Ethereum
BlockBeats News, January 22nd: BlackRock CEO Larry Fink stated at the Davos World Economic Forum that tokenization is inevitable and a universal blockchain is the future. If all investments are made on tokenization platforms, it will reduce costs and facilitate seamless capital flows between money market funds, stocks, and bonds.
Garrett Jin, agent for the "BTC OG Whale Insider," noted that Larry Fink's reference to a universal blockchain may imply Ethereum. BlackRock's flagship tokenization fund, BUIDL, is built on Ethereum and is supported by partners such as Securitize. This actually indicates that BlackRock is implementing Larry Fink's vision of a "single universal blockchain" and positioning Ethereum as the leading institutional-grade Real World Asset (RWA) tokenization infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Southwest Airlines CFO says there is still room for further fare increases
Fed Seen Taking Higher for Longer Stance on Rates -- Market Talk
JPMorgan raises its prime lending rate by 25 basis points to 7%
Crypto prices
More
