BlackRock Executives Compare Tokenization Growth Trajectory to Early Internet Era

BlackRock CEO Larry Fink and COO Rob Goldstein said tokenization is shaping the next phase of global markets by modernizing infrastructure and connecting traditional and digital finance, in an article published in The Economist on December 2. The executives said tokenization can replace paper documentation with code, reducing friction that makes asset transactions costly and time-consuming, while converting large illiquid assets such as real estate or infrastructure into smaller, more accessible units. The current stage of tokenization development roughly corresponds to a period when three of the "Magnificent Seven" tech companies had not yet been established, with growth expected to match internet development speed and achieve significant expansion over the coming decades.