Key Takeaways:
- BlackRock CEO Larry Fink identified tokenization as a major long-term growth opportunity, aiming to digitize traditional assets like ETFs and integrate them into the digital ecosystem.
- BlackRock’s tokenization strategy is gaining momentum, with the $2.8B BUIDL fund becoming the largest tokenized cash market fund to date.
- Fink’s stance on crypto has evolved significantly since 2017, now seeing it as a viable alternative asset class similar to gold.
BlackRock CEO Larry Fink says asset tokenization will be a key long-term growth driver for the $13.5 trillion asset manager.
In an interview with CNBC’s Squawk on the Street, Fink described tokenization as the “next wave of opportunity” for the firm, allowing investors who begin with crypto to transition into traditional investment products like ETFs.
CEO of world’s largest asset manager…
— Nate Geraci (@NateGeraci) October 15, 2025
“We're just at the beginning of the tokenization of all assets.”
Yes, includes ETFs.
Larry Fink on his positively evolving attitude towards crypto: “I grow & learn.”
Good lesson here.
And some of you *still* think crypto is a scam. pic.twitter.com/GJ8oxWF3vK
He envisions a future where real estate, equities, and bonds are digitally represented on blockchain networks.
Market analysts estimate the global tokenization market could surge from $2 trillion in 2025 to over $13 trillion by 2030.
BlackRock is already active in this space through its $2.8 billion USD Institutional Digital Liquidity Fund (BUIDL), launched in March 2024 – currently the largest tokenized cash market fund to date.
Fink also acknowledged his changing stance on crypto, now viewing it as a legitimate diversification tool, similar to gold, though he said it should remain a small portfolio component.
This marks a major shift from his 2017 comments dismissing crypto as an “index of money laundering,” reflecting BlackRock’s growing embrace of digital assets and blockchain-based financial innovation.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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