Fink Sees Tokenization of Financial Assets as Next Step
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- Опубликовано: 11 янв 2024
- "The dominant form of bringing products going forward will be in the form of ETFs," BlackRock Chair and CEO Larry Fink says during an interview with David Westin.
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Makes me wonder. What does Larry prefer to own. An asset? Or a token of an asset? Remember, if you own ETF's, you don't actually own the underlying stocks. You just own a token. Tokens have no intrinsic value. A lot of people already feel this way about stocks. Can't blame them. But stocks are still tangible to me. Having ownership in a company is real. And companies bring real value into the world. If Larry gets his way, it's an important step in the end-of-ownership for regular people. You will own nothing and eat ze bugz.
If an ETF has to close, the underlying assets are usually liquidated and cash returned to the ETF owners. It might take some time but it's pretty safe.
Water and air will be ETF'd
Not exactly, but their internet, on line, IoT equivalents.
The same guy that made his way with securitization of mortgages and different bond products. Same idea with the financial engineering.
ETFs were a way to concentrate passive investor money into active hegenomy. Comanies became owned by these consolidators abs niw they control them. All those companies didnt go woke overnight because of consumer demand.
This guy and his company are very dangerous and responsible of all world problems..
lol
Grow up or at the very least present your brilliant solution to your problem accusation
just an excuse for them to continue their financial shenanigans the old way as they did in the physical fiat era with the new title called tokenization
God save us! Poor Charlie Munger is fuming in his grave!
@veronica2764 Charlie Munger already said this, "investment firms will even sell dog shit wrapped in a silver foil if they can make money"
Tokenisation is a tipping point to a hyper personalised future. Those working in wealth who don’t get it early are likely to find themselves working in stranded companies with stranded careers.
The most important video you will ever see....especially the last 2 minutes
Yh the bit when he said hes gay
Step 1: transform a token (BTC) into a traditional asset (ETF share) ; Step 2 : transform that traditional asset (ETF share) into a token (let me guess: iBTC??) 🤣🤣🤣🤣
Correct. Instead of clients/investors holding shares in bitcoin. They will be holding a tokenization of bitcoin while black rock holds the actual bitcoin privately. Clients will “own” bitcoin safer and easier for someone that doesn’t want to or have time with cold wallets but it is definitely not the answer that we need
It's always made me wonder what happens if something crazy happens & "Your coins" are now their coins due to accounting being MIA. I can meet halfway where if something did happen, having a decentralized ledger to track ownership of assets on the S&P would increase confidence so 1 doesn't get screwed over if something crazy happened.
I'd prefer to just self custody, myself. As do many who get it. I don't see ETF holder's actually having a scenario like mentioned above.
I mean there is always a chance we go mad max & it gets wild out there. At least there's miners around the world to keep the network running if MIA in USA.
They won't be tokenizing real world assets on Bitcoin think more Eth. Bitcoin will never be anything more than a liquidity pool.
@@bfrandsen1 I meant that they will be tokenzing their bitcoin ETF share (on Eth yes probably). This seems a bit absurd to me...
@@Will88ks what blackrock is talking about in this video is tokenizing real world assets(house, bond, stock shares) on a blockchain.
The fact people like Larry Fink are allowed to do as they please, even when their actions so evidently harms the very foundation of our society says a lot of what America has become.
It seems you could even be excused for "Crimes against humanity" if you have enough connections and money.......
This almost makes me want to cheer for countries like Russia and China and I feel nauseous just thinking about it...
WAKE UP PEOPLE !!!
You guys are fucked if you don't buy bitcoin by 2025.
True let us just buy 1 bitcoin for $60,000 and then in 10 or 20 years if bitcoin the price of bitcoin doubles we make $60,000 over the course of 20 years
You don't get rich off investing
May 23rd is the date to save for Ether Spot ETF descision.
Pulse Chain and HEX! Stop paying stupid ETH fees!
Is that a recommendation then?
Kaspa blockchain gonna adopte the tokenisation of real world assest
RIPPLE XRP WILL SETTLE ALL TOKENIZATION TRANSACTIONS $$
He just wants to manipulate the price with his worthless paper Bitcoin
He could be a great choirmaster.
?
Ripple/XRP for the ultimate win🥂
👎
thanks to Ripple for the lawsuit but other than that its done nothing, but trend down since then.
Larry Fink needs to meet Hedera developer Dr. Leemon.
tokenizations ? Instant payment settlements? sound like XRP to me ?
🤑🤑🤑🤑🤑🤑🤑
No lol. He's describing Swarm Markets, they offer tokenized stocks and bonds TODAY, with gold, real estate, and fine art on the horizon. How do you get XRP out of this?
No..this positions XDC perfectly…
BlackRock recent partnership with securitize.. XDC is 1/4 available options through Securitize. XDC and Securitize have a very close relationship. Institutions will be directed to XDC through Securitize
@Bloomberg Television: Today morning in the same talk, Larry Fink spoke about leadership. Can you please upload that part of the conversation?
Buy cable subscription, cheapo
@@simrans3675 exactly 😂
XRP
is larry fink based...?
People do realise you can get active ETFs right
Who runs the world ? Guys like this
Why is this so vague and difficult to understand what exactly he’s saying at some points. The spirituality of iShares? I’m not sure I follow
WOW he is talking exactly what Cardano can/does/and is build for. Voting / Credentials / Verified tweets / Smart Contracts / DeFi / Instant loans etc etc. All on the Blockchain, Cardano can do all of the above.
Then why doesnt someone just build a company using Cardano technology and make profits instead of selling it as a chain letter? That would get rid of most scammers.
Go fishing bro, hiking, living real life! Before it’s too late!
basically buy $RIO
Hbar,hello future!!!
I have heard that positive future is not in money, but in human relation...helping each other to go through difficult time and not become slaves..think of it ..
Tokenisation is simply updating trad-fi based backends to implement a blockchain. This is hardly a revolution - it is simply a cost saving exercise for Wall Street and tradi-fi enterprises.
Bro. It starts with Bitcoin ETFs. Then tokenizing the stock market. You think it ends there? Why?
Once you claim all your cusip numbers that are tied to you're cestui que vie trust, any bond, stock, or value that has been gained through out your life so far, will come to you as its you're cestui que vie trust.
Ondo Finance
I-ON DIGITAL WILL DO THIS WITH GOLD
you want to rip us off
He's got 1.6 Million BSV...which can handle global txn volume, unlike BTC that only performs 7 txn a second, meaning it couldn't be the currency of Arizona 😂 BTC would take up to 40 years to transact if it was actually used on a global scale. Smart dudes like this always win. He got his Bitcoin for $40 bucks while you fools are paying 40k for something that doesn't even function at large scale 😂😂😂😂
Craig? What are you doing here bro? Get out of here.
Ппц ты тип конечно) просто лютейшие завозы ловишь здесь
Fun fact only icp the internet computer can handle block rocks tokenazition of stocks and shares no one of the other coins
CHAINLINK
Sologenic
Funny that a guy who works in stocks and bonds has a lisp.
Iya ondo
THAT SOB HAD TO STOP AND CORRECT THE BRITISH ACCENT. RIGHT OFF THE TOP. HAHAHAHAHA
AND UNDER WHOSE $$$$$$$ JURISDICTION YOU HERO?! GEEZUS
If they get their tokenization, does that mean AMC can finally squeeze
ofc banks do not want this so does Gensler lol
If banks don’t want this then why on April 3rd, nearly all the major banks are meeting up in New Orleans to discuss blockchain?
Absolutely they do not want this. This cuts out extra fees per transactions. They do want the technology so they can make money out of it but make no mistake. This absolutely disrupts the industry and a lot of folks will lose money and business. Why do you suddenly believe banks are angels that’s here to make your cost of living less. 😅
Wise man 💪
When the trillions of $ worth of illiquid assets will be unlocked.. A new form of wealth generation will take place..
Tokeniization is here to stay
💚🙏 WAITING ON YOU POPS
Look at that nose and tell me he's not... um... a liar, yes a liar.
$ONDO🎉
Mrs
This guy has no idea how bitcoin works and it shows.
Bro. He probably understands it better than you do. Do not underestimate this man. His power and influence is beyond almost anyone else you see talk on this subject. He is giving you the whole plan straight up, without telling you the real outcome. If you do not own BTC when the hammer falls, you are Screwed with a capital S.
Cardano ADA ❤
He is a master
😂
Fink gets it
So you like wokeness and social credit scores? Then you and Larry Fink are the enemies of everyone.
$NXRA
Bro i buy 40 dollars nxra im poor, in witch price should i sell them
So NFTs then?
For non fungible things like real estate, yes. For fungible things like gold or equities, then a token like matic or quant would be used.
Wow pfp is wild
he needs to learn history
Tokenization. hence the Ethereuml ETF