London, Sunday, October 6, 2024-Crypto now serves as a “valuable gateway” for institutions to enter the evolving world of digital assets, fueling the shift towards tokenization, BlackRock’s Head of Digital Assets Robert Mitchnick said at a private conference in London on October 3, reports said. Mitchnick, speaking at Digital Assets Week, emphasized the increasing overlap between crypto and tokenization, which were previously viewed as separate concepts.
He highlighted how crypto is laying the groundwork for institutional investors to participate in the tokenization space, particularly by offering better access and lowering costs. Mitchnick pointed to BlackRock’s recent launch of its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), as an example of the company’s commitment to digital assets.
According to industry analysts, the market for tokenized assets could reach $2 trillion by 2030, driven by growing institutional interest and expanding use cases.
