[BlackRock CEO: Tokenization Will Permanently Transform the Financial Industry, Enabling Freer Investment Flows] BlockBeats News, March 6, BlackRock CEO Larry Fink stated that the financial services sector involves numerous intermediaries, lengthy settlement cycles, and cumbersome processes. If every asset could be digitized and seamlessly transitioned from cash or stablecoins in digital wallets to stocks or bonds, it would significantly reduce friction costs and transaction costs. Currently, there is $4.1 trillion in global digital wallets. If users want to invest in bonds, stocks, or engage in real estate transactions, they must transfer funds from digital wallets to traditional wallets, which involves various commissions and fees. The concept of tokenizing all assets (including real estate in the end) aims to drastically reduce these friction costs, making investments easier and simpler. It will enable a freer flow of investments.