BlackRock is betting billions that tokenized funds will do for Wall Street what the internet did to mail

In his annual letter, BlackRock CEO Larry Fink argues that digital wallets and tokenized assets could modernize markets and expand investor access. What to know : BlackRock chief Larry Fink used his annual shareholder letter to argue that tokenization and digital assets could modernize the financial system while warning that U.S. capitalism is failing too many workers. Fink said recording asset ownership on digital ledgers and using regulated digital wallets could make issuing, trading and accessing investments faster, cheaper and more widely available. He framed tokenization as part of a broader effort to address inequality and strained public finances, noting BlackRock’s growing digital-asset business and calling for clear rules on investor protections, counterparty risk and digital identity.