BlackRock executives stated: Tokenization will transform the financial world just like the internet did.

On December 2nd, Larry Fink and Rob Goldstein, two core executives of the world's largest asset management company, published an interesting article in The Economist, specifically discussing the topic of tokenization.

Their core point is straightforward: tokenization is reshaping the entire financial market. This thing is essentially a bridge, connecting the old system of traditional finance with the emerging world of digital finance, upgrading the entire infrastructure. The benefits are obvious—improved efficiency, more transparent operations, and easier participation for ordinary people.

What specific reforms are we talking about? For example, in the past, trading assets required signing a bunch of paper documents, but now it can be done with code, directly eliminating the cumbersome processes that made trading expensive and slow. Even more impressively, large assets like real estate and infrastructure, which used to have thresholds of millions or tens of millions, can now be divided into smaller shares, making it affordable for more people.

How much development potential is there? The article provides an interesting comparison: the current stage of tokenization is roughly equivalent to when three companies among the seven tech giants hadn't even been established yet. The implication is that the growth rate of this thing could be explosive, similar to the internet boom back in the day, with exponential growth expected over the next few decades. What’s the ultimate vision? To be able to directly buy and sell various types of assets in your digital wallet, whether it's stocks, bonds, or shares of real estate.