In contrast, he argued that developed markets like the United States are lagging in payment innovation. The BlackRock CEO also talked about emerging markets like Brazil, India, and parts of Africa that are seeing advances in payment systems and financial inclusion. In particular, the tokenization of asset classes offers the prospect of driving efficiencies in capital markets, shortening value chains, and improving cost and access for investors,” he said. “For the asset management industry, we believe the operational potential of some of the underlying technologies in the digital assets space could have exciting applications. First, go to the Google Merchant Center page and click the ‘Sign up for free’ button. This is the place where your product information will be stored for viewing by Google Shopping. Fink believes that innovative applications for the asset management industry could emerge as the digital space grows. Step 1: Creating a Google Merchant Account To add your products to Google Shopping, you have to start by creating an account in the Google Merchant Center. The CEO disclosed that fascinating developments are ongoing in the nascent industry beyond the hype and obsession with cryptocurrencies.ĭespite the failure of major crypto entities like FTX, digital payments are rapidly advancing. In the letter, Fink opined that the operational potential in the digital asset space goes beyond Bitcoin. BlackRock to Explore Tokenized Stocks and Bonds
The CEO noted in his latest annual letter to investors that BlackRock is currently exploring the digital asset industry and would continue to do so, especially in areas related to permissioned blockchains and tokenization of stocks and bonds. Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access.
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