Larry Fink, the head of BlackRock—the world’s largest asset management giant—recently dropped a bombshell opinion in The Economist: tokenization could become a technological wave even more disruptive than the internet in the coming decades.

When such words come from a top industry player managing $9 trillion in assets, they carry real weight. Traditional financial institutions are quietly advancing a “wall-breaking revolution.”

So, what exactly is tokenization? For example: a commercial property worth $1 billion—previously, only institutions and ultra-wealthy individuals could participate. Now, thanks to blockchain technology, it can be divided into 100,000 tokens, allowing ordinary people to spend just a few thousand dollars to own a small share of the property and proportionally share in rental income. Real estate, infrastructure, artwork… these traditionally illiquid “hard assets” are being redefined.

Where’s the potential in this model? The stability of physical assets, combined with the liquidity and transparency of on-chain trading, is like turbocharging the traditional investment market.

Think back to the early days of the internet, before Amazon and Tencent became giants—how many people missed the chance to get in? Tokenization is now at a similar dawn stage. BlackRock has already taken action—the tokenized fund BUIDL they launched this year is a pilot product in this direction.

When major institutions start to get serious, perhaps it’s time to re-examine the RWA(real-world assets) sector. This isn’t about blindly following the trend, but this is a movement worth closely watching.