#加密市场观察

BlackRock leadership recently stated: "Tokenization will become the bridge connecting the crypto/blockchain world with traditional finance," viewing it as a bridge between the two sides — traditional institutions vs. digital innovators.

In the future, it's not just "crypto vs stocks/bonds," but rather "all assets — including bonds, cash, ETFs... could exist in token form on the blockchain," which can be bought, sold, and held through a single digital wallet.

Currently, BlackRock has launched the world's largest tokenized cash/money market fund BUIDL — the funds come from U.S. Treasuries, cash, and repurchase agreements, indicating that this is not mere talk, but the mixed experiment of "traditional assets + blockchain" has begun.

Of course, they also emphasize that "tokenization will not immediately replace the existing financial system," and the real change lies in "mutual compatibility/interoperability between the two sides," calling for regulators to establish rules that allow the tokenization market and traditional financial markets to coexist safely.

This is a trend worth noting — the entry of large asset management institutions like BlackRock indicates that "tokenization + traditional assets" is moving from concept to reality, potentially truly changing the structure of capital markets in the next decade:

For ordinary investors, tokenization may lower the entry barrier, making assets that used to belong only to institutions or high-net-worth individuals (such as government bonds and money market instruments) easier to buy, sell, and hold.

For the crypto/blockchain ecosystem, this also means that DeFi/crypto is no longer just a "high-risk speculative market," but has the potential to become "part of mainstream finance."

Of course, there are still challenges to truly succeed: regulation, compliance, security, liquidity, valuation transparency... all need to be properly addressed.

Pay close attention to the "regulatory rule changes + liquidity/secondary market performance" of tokenized assets in the next 12–24 months, as this will be an important indicator of whether this wave can continue.