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Developed markets lagging behind in digital payments: BlackRock CEO

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The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.

The letter was published on March 15 and addressed various topics of interest to the firm over the last year, including digital assets.

Fink highlighted the rising and sustained interest in these types of assets, despite the FTX catastrophe. He said beyond the hype, “interesting developments” are happening in the space.

He especially noted the “dramatic advances” in the digital payment solutions that help forward financial inclusion in many emerging markets like India, Brazil and Africa.

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