Fink Sees Tokenization of Financial Assets as Next Step
Dominic Hopkins
Enthusiastic about Institutions, International Trade / Logistics & Charity Partnerships.
"We Believe The Next Step going forward will be the tokenization of financial assets and that means every stock every Bond will have its own basically qip it'll be on one general ledger every investor you and I will have our own number our own identification we can rid ourselves of all issues around illicit activities about bonds and stocks and digital by having a a a a a tokenization but the most importantly thing we could customize strategies through tokenization that is fits every individual we would have instantaneous settlement think about all the cost of settling bonds and stocks but if you had a tokenization everything would be immediate because it's just a line item and so we believe this is a technological trans information for financial assets I believe you want to talk about voting and voting choice and all the things if if we know every moment who is the owner of that stock and it's now time to vote every individual who has ownership is identified and they can vote their own shares is this the end of mutual funds I think well a lot of people it's it's just a it's a wrapper it's not the end of it but I would say the dominant form of bringing products going forward will be in the form of of ETFs"
Bloomberg News BlackRock Government Blockchain Association HSBC Innovation Banking The Investment Association Tony Blair Institute for Global Change Financial Times Investment Week MoneyWeek The Economist Cboe Global Markets Coinbase Asset Management Nasdaq NYSE U.S. Securities and Exchange Commission LSEG (London Stock Exchange Group) HM Treasury