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Tokenised Stocks: Executives Push Blockchain Settlement to Transform Investing

Financial Times Companies •
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BlackRock CEO Larry Fink and Robinhood co-founder Vlad Tenev are leading a push to replace traditional stock ownership with blockchain-based tokens, aiming to make investing more accessible. Tokenisation, representing assets as tradeable digital tokens, promises instant settlement and reduced reliance on intermediaries, though regulators remain cautiously open. Nasdaq and the New York Stock Exchange have announced plans to tokenize traditional securities, while London Stock Exchange's parent seeks a digital depository. The challenge lies in revamping infrastructure without investors noticing any changes, avoiding a repeat of the 2008 crisis where asset location became chaotic.