### Larry Fink, CEO of BlackRock and one of the world's largest asset managers, recently spoke out about the need for the asset management industry to embrace digital assets and the underlying technologies that power them.

In a report from Blockworks, Fink highlighted the financial advancements occurring in several nations, including Brazil, India, and several African countries, and emphasized that the US appears to be lagging behind in comparison. According to Fink, these countries are making quicker and more effective payments, which can be attributed to the adoption of digital assets.



Fink believes that the underlying technology in the area of digital assets may have interesting uses for the asset management sector. With roughly $8 trillion in assets under management, BlackRock is in charge of the biggest asset management firms in the world. He believes that some of the most promising technologies in the digital asset space are still underutilized by the asset management sector.



According to Fink, BlackRock is still investigating the ecosystem of digital assets, with an emphasis on features like permissioned blockchains and the tokenization of stocks and bonds that would provide the greatest value to clients. Tokenization refers to the process of representing traditional assets, such as stocks and bonds, as digital tokens on a blockchain. This process can provide benefits such as increased liquidity, reduced transaction costs, and increased transparency.



Fink believes that the asset management industry can benefit greatly from the adoption of digital assets and their underlying technologies. He has been vocal about the need for the industry to embrace innovation and keep up with the changing landscape of financial technology.



Larry Fink's comments on the adoption of digital assets and their underlying technologies reflect a growing sentiment in the financial industry. As more countries and companies adopt digital assets and blockchain technology, it is becoming increasingly clear that the asset management industry needs to keep up with the times. While BlackRock is still investigating the ecosystem of digital assets, it is clear that Fink sees the potential for these technologies to provide value to BlackRock's clients and the asset management industry as a whole.


Larry Fink, CEO of BlackRock and one of the world's largest asset managers, recently spoke out about the need for the asset management industry to embrace digital assets and the underlying technologies that power them.

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