Merging Old and New: How Tokenization is Bridging Finance Worlds

The finance world is changing. A big company, BlackRock, is now saying that tokenization could bring together old-school finance and new crypto ideas. BlackRock's boss and another top leader wrote about this. They think tokenization won't replace the old system soon. But it could help mix the two worlds. They say it's like building a bridge. On one side, there are old finance companies. On the other side, there are new digital finance startups. The bridge helps them work together. In the future, people might use one digital wallet for all their money. This could include stocks, bonds, and crypto. Right now, people usually keep these things separate. BlackRock is already doing this with a big tokenized cash fund. It's worth billions. This shows they believe in this idea. But they also say rules need to change. Regulations should let old and new finance work together safely. They give an example of bond ETFs. These connected old dealer markets with new public exchanges. This made trading easier. They think tokenization could do the same. They also mention Bitcoin ETFs. These put digital assets on old exchanges. This is another example of bridging the gap. They say rules should focus on risk, not how things are packaged. A bond is still a bond, even if it's on a blockchain.