Larry Fink brought a message to Davos focused on financial infrastructure and settlement systems, with no references to NFTs, memecoins, or speculative narratives. The BlackRock CEO outlined the need for a single ledger to reduce costs, delays, and intermediary layers in cross-border money transfers.
The core of the argument was the current fragmentation of the financial system. Fink described blockchain as an operational layer for custody, clearing, foreign exchange, and settlement. The emphasis was on unifying rails and cutting processes that today require multiple intermediaries and several days to complete. Within that framework, tokenization appeared as a secondary tool tied to infrastructure. Under the approach presented, its usefulness depends on assets and cash operating on the same ledger.
Fink made indirect references to national models that are already in operation. Brazil and India were cited as examples of payment infrastructures built to scale in volume and speed. By contrast, there were no mentions of public blockchains or open frameworks.
The CEO avoided naming a specific network. The implied model points to an institutional, permissioned, and standardized ledger, aligned with BlackRock’s testing in private infrastructure environments.
Source: https://x.com/NewsAsset/status/2014053811468251378
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