BlackRock CEO advocates that tokenization needs to advance on a single blockchain

Source: PortaldoBitcoin Original Title: BlackRock CEO Advocates for Tokenization to Advance on a Single Blockchain Original Link: BlackRock CEO Larry Fink publicly stated this week at the World Economic Forum in Davos, Switzerland, that the progress of financial asset tokenization depends on integrating the process onto a single blockchain. He emphasized that digital markets are inevitable and need to scale rapidly to unlock efficiency gains, reduce costs, and expand investment access.

According to Fink, tokenization represents the natural evolution of global financial infrastructure. In his view, migrating funds, stocks, and bonds to a tokenized platform will make capital flow more easily between different asset classes (such as money market funds, stocks, and bonds), without the operational friction that currently causes cost increases in the system.

“If we put all investments on a single tokenized platform, we can reduce fees and promote more democratization by lowering these costs,” the executive said.

For the CEO of the world’s largest asset management firm, having a shared blockchain will be a core element of this transformation. Fink argued that operating on shared infrastructure not only makes processes more efficient but could also reduce corruption and increase transaction transparency.

Although he acknowledged that relying on a single blockchain might raise discussions about centralization and risk, he insisted that from an operational perspective, activities will be handled in a “more secure way than ever before.”

Ethereum Leading the Way

The significance of these statements lies in the fact that they come from a company managing over $10 trillion in assets, which has already put these ideas into practice. BlackRock has launched its flagship tokenized fund BUIDL, which operates directly on the Ethereum blockchain.

While Fink did not explicitly mention a specific network during his speech, the fact that the management company chose Ethereum for this project suggests that, in their view, this might be the project capable of taking on a leadership role.

This stance also aligns with a recent report from BlackRock, which listed Ethereum and tokenized assets as themes capable of driving market development through 2026. In that document, the company views tokenization as a structural tool to modernize access to traditional assets, in line with trends such as artificial intelligence, digital infrastructure, and geopolitical shifts.

When mentioning emerging countries like Brazil and India that have made progress in digitalizing and tokenizing their monetary and financial systems, Fink implied that this transformation is not just a private sector move but part of a broader restructuring of global economic infrastructure. For him, the current key question is not whether tokenization will happen, but at what speed and under what technological architecture.

Defending the idea of a single blockchain as the foundation of this new system places BlackRock in a clear position in the debate over fragmentation versus standardization in the crypto market. In scenarios where different networks compete for liquidity and institutional adoption, Fink’s remarks suggest that for large asset managers, scale, interoperability, and efficiency often outweigh the benefits of multiple solutions.