youtu.be/gIAmJBvpN_w?si=lNkuyrBQ7dTIyTa9
“One day, I expect tokenized funds will become as familiar to investors as
ETFs — provided we crack one critical problem: identity verification.
Financial transactions demand rigorous identity checks. Apple Pay and
credit cards handle identity verification effortlessly, billions of times a
day. Trade venues like NYSE and MarketAxess manage to do the same
for buying and selling securities. But tokenized assets won’t run through
those traditional channels, meaning we need a new digital identity
verification system.
The takeaway is clear. If we're serious about building an efficient and
accessible financial system, championing tokenization alone won't
suffice. We must solve digital verification, too.” Larry fink - BlackRock