The CEO of the world’s largest asset manager, BlackRock, says Bitcoin and crypto assets have the potential to boost financial inclusion and make it easier for investors to get ahead.
In a new letter to investors, Larry Fink says BlackRock will continue to back the emerging industry and offer investors a way to invest in the space.
“For the asset management industry, we believe the operational potential of some of the underlying technologies in the digital assets space could have exciting applications. In particular, the tokenization of asset classes offers the prospect of driving efficiencies in capital markets, shortening value chains, and improving cost and access for investors.”
Trending: John Kerry Defends World Leaders Who Fly Private While Pushing Climate Action
Fink says the US is now significantly lagging behind much of the world in financial innovation.
“In
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!