Highlights
- BlackRock’s CEO has called on the SEC to approve tokenization of bonds and stocks as it will help save costs for institutions.
- He added that it will also make investing easier and more cost-effective.
In a recent development, BlackRock’s CEO Larry Fink has called on the US Securities and Exchange Commission (SEC) to approve the tokenization of bonds and stocks. He further explained how this move would make things easier for investors.
In a CNBC interview, BlackRock’s CEO Larry Fink called on the US SEC to approve the tokenization of bonds and stocks. He added that this move will simplify things and make things easier for institutions and investors.
Fink gave an example of how tokenization will help his company save costs. They will no longer have to vote on a proxy vote again because every investor will be notified through the tokenization of equities.
He added that this move will also save costs for investors and potential ones since it will bring down the cost of owning these stocks and bonds. In line with this, he affirmed that these are the types of financial reforms that the market needs.
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