The world is preparing for a financial system where algorithms — not people — move capital across borders.
Key takeaways
- BlackRock sees tokenization as the foundation of a financial system optimized for AI-driven capital flows.
- Its tokenized money market fund and Bitcoin/Ethereum ETFs are infrastructure experiments, not isolated products.
- Tokenization is spreading fastest in emerging markets and could become a dominant architecture over the coming decades.
BlackRock believes whoever builds the digital framework for that system will shape the next century of global markets.
In an article published in The Economist, CEO Larry Fink and COO Rob Goldstein framed tokenization not as a crypto experiment but as the foundation of a financial world where machines and institutions interact in real time. The shift, they argue, is not evolutionary — it’s architectural. In the same way the internet reorganized information, tokenization will reorganize ownership.
What BlackRock Is Really Competing For
In today’s markets, clearing, reconciliation and asset transfers still depend on centralized infrastructure built for human-paced processes. But AI-driven markets won’t operate at human speed. Capital that can be deployed instantly will outperform capital that settles days later.
Fink and Goldstein are signaling that a global ledger of asset ownership — available 24/7 and interoperable across markets — is the missing infrastructure that will determine leadership in the next economic era.
That has geopolitical consequences. It decides which country’s financial system becomes the backbone of global liquidity.
Tokenization Isn’t Being Sold as a Product — It’s Being Sold as a Standard
BlackRock is not talking about tokenizing collectibles or boutique investments. It is talking about turning every major asset class into programmable capital:
- commercial real estate
- corporate bonds
- government debt
- money market funds
- currencies
A tokenized world allows those assets to move between counterparties instantly, without the settlement friction that locks trillions of dollars in private markets today. The pitch isn’t about crypto — it’s about unlocking time and liquidity.
BlackRock Is Already Field-Testing the System
The firm is quietly testing how traditional assets behave on blockchain rails through its BUIDL tokenized money market fund, which now secures more than $2 billion on public networks.
Its spot Bitcoin and Ethereum ETFs — now leading their categories with $62.6B and $13.2B in net inflows — aren’t intended to replace banks; they are intended to integrate digital assets into the portfolios that institutional money already uses.
The common thread isn’t crypto investment — it’s portfolio unification.
Where Adoption Is Breaking Out First
The surprising early surge of tokenized assets is not happening in the U.S. or Europe first — it’s in developing economies. Markets with fragile banking infrastructure see tokenization not as disruption, but as survival: a faster way to move capital, reduce settlement risk and increase participation.
This is the exact pattern the internet followed — explosive early adoption outside wealthier economies, followed by global crossover.
Fink and Goldstein compare today’s tokenization cycle to the internet in 1996 — obvious to some, invisible to others, unstoppable either way.
BlackRock envisions investors eventually storing every asset they own — from stocks to stablecoins to private credit — in a single digital wallet. The winner of the tokenization race won’t be the company with the best crypto branding, but the one that makes all assets interoperable, liquid and programmable.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Reporter at Coindoo
Source: https://coindoo.com/blackrock-sees-tokenization-as-the-new-financial-infrastructure/