BlackRock CEO Larry Fink believes the future of finance lies in tokenized assets, predicting that traditional investments such as equities, bonds, and real estate will increasingly move onto digital platforms over the coming decades.
Fink said in an interview with CNBC Squawk on the Street on Tuesday that the tokenization of assets was the next frontier for the world’s largest asset manager. He claimed that BlackRock is positioning itself to be ahead of this transition by collecting blockchain technology and creating new products through tokenized assets.
BlackRock Expands Portfolio with Tokenized Assets

Assuming we can tokenize an ETF, digitize that ETF, then investors just starting to invest in such crypto can be able to invest in more traditional and long-term products, explained Fink. He added:
“We look at that as the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by repotting them in a digital manner and having people stay in that digital ecosystem.”
BlackRock, the company that declared $13.5 trillion in assets managed in the most recent earnings announcement, has introduced approximately $104 billion in crypto assets, approximately 1% of its portfolio now. The company already has the biggest tokenized assets cash market fund, the largest BlackRock USD Institutional Digital Liquidity Fund (BUIDL) that was launched in March 2024 and is valued at 2.8 billion.
Tokenized Assets Transform Global Financial Systems
Fink argues that the tokenized assets market is at its infancy but can transform financial systems around the world. He said, they’re just at the beginning of the tokenization of all assets from real estate to equities to bonds.
CEO of world’s largest asset manager…
“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
— Nate Geraci (@NateGeraci) October 15, 2025
The global tokenized assets market is expected to have an estimated value of more than 2 trillion US dollars in the year 2025 with estimates suggesting that the market could reach up to 13 trillion as more financial institutions adopt blockchain-based systems in order to have better transparency and efficiency in the market.
Fink Compares Crypto Value to Gold

Fink also disclosed that numerous teams at BlackRock are actively looking into tokenization efforts to increase the reach of the firm in the tokenized assets and digital investments. The comments are based on Fink’s recent interview with 60 Minutes at CBS, in which he compared the position of crypto in a diversified portfolio to gold. He mentioned:
“There is a role for crypto in the same way there is a role for gold; it’s an alternative. For those looking to diversify, this is not a bad asset, but I don’t believe it should be a large part of your portfolio.”
Also read: How Tokenized Assets will Dominate Institutional Portfolios by 2030
Fink’s Transformation Signals Financial Evolution
The remarks represent an impressive shift out of his previous skepticism. Fink in 2017 wrote off cryptocurrencies as a sign of money laundering, and in 2018 declared himself not interested in digital assets. Now his point of view is different.“I was a critic in the past,” Fink admitted, “but over time, I grow and learn.”
As BlackRock continues to enter the digital asset and tokenized asset market, Fink’s remarks highlight a more significant change that is happening in traditional finance that could change the nature of the interaction of global investors with markets in the next few decades.
Also read: BlackRock Tokenized Treasury Fund Smashes the $500 Million Mark
Conclusion
Based on the latest research, BlackRock’s growing focus on asset tokenization reflects a broader transformation in global finance. With the rise of digital ecosystems, tokenized assets have the potential to transform the notion of transparency, accessibility, and liquidity, introducing a new phase of traditional and digital finance, tying the future of investing together.
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Summary
BlackRock CEO Larry Fink said the future of finance lies in tokenization, predicting traditional assets will gradually shift to digital formats.BlackRock manages more than 13.5 trillion and is increasing its tokenization work and already dominates the digital liquidity fund with 2.8 billion of funds. After being a crypto skeptic, Fink is now seeing digital assets as worthy options to diversify, just like gold, which is a significant change in his perspective.
Glossary of Key Terms
Tokenized Assets: Digital versions of traditional assets for easier trading.
ETF (Exchange-Traded Fund): A fund that tracks assets and trades like a stock.
Blockchain Technology: A secure, decentralized digital ledger for recording transactions.
Digital Ecosystem: A connected network of digital investment platforms and tools.
Diversification: Spreading investments across assets to reduce risk.
Digital Liquidity Fund (BUIDL): BlackRock’s $2.8B tokenized cash market fund.
Asset Management: Managing investments on behalf of clients for growth.
Institutional Investors: Large firms or funds investing significant capital.
Traditional Finance (TradFi): Conventional banking and investment systems.
Frequently Asked Questions about BlackRock’s Vision for Tokenization
1. What does Larry Fink say about tokenization?
He sees asset tokenization as the next big opportunity for BlackRock and global finance.
2. How much crypto does BlackRock hold?
Around $104 billion, about 1% of its $13.5 trillion portfolio.
3. What is the BUIDL Fund?
BlackRock’s $2.8B tokenized cash fund, the largest of its kind.
4. How has Fink’s crypto stance changed?
Once skeptical, he now views crypto as a diversification tool similar to gold.

