BlackRock CEO Larry Fink advocates for tokenization to modernize finance in his annual shareholder letter, believing that tokenization can expand investment channels and improve market efficiency by streamlining asset transactions. He compares the current state of tokenization to the internet in 1996 and urges policymakers to build secure regulatory bridges. Fink also highlighted BlackRock's positioning in the digital assets space, including its $150 billion in digital market-related assets and BUIDL, the world's largest tokenized fund.

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