BlackRock commits billions to tokenized funds and wallets, calls asset tokenization early-stage infrastructure amid AI inequality concerns
BlackRock CEO Larry Fink says tokenization is in an early, internet-like phase and the firm is investing heavily in tokenized funds and digital-wallet infrastructure.
In his 2026 annual shareholder letter, BlackRock CEO Larry Fink said tokenization of financial assets is “roughly where” the internet was in 1996, describing the technology as still formative but capable of reshaping how global markets operate [1] [2].
Coverage of BlackRock’s strategy notes the firm is committing large sums to tokenized funds and digital-wallet initiatives, arguing these tools could modernize markets and broaden investor access — reporting that BlackRock is effectively betting billions on tokenized products [3].
Fink’s letter framed tokenization as foundational infrastructure rather than mere speculation and also warned that advances such as AI, combined with ownership dynamics, are contributing to widening global wealth inequality [4] [1].
BlackRock presents tokenization as an early-stage but strategically important evolution for markets, and the firm is positioning capital and product development to participate in that shift [1] [3].
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Citations
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- 1Larry Fink Says Tokenization Is Where The Internet Was In 1996Yellow• Mar 23, 2026
- 2Larry Fink Compares Tokenization to the Early InternetNFTenex• Mar 23, 2026
- 4BlackRock CEO Larry Fink pushes tokenization as next phase of marketsCrypto Briefing• Mar 23, 2026
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