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BlackRock's SHOCKING Crypto Prediction: Banks Are DONE!
BlackRock says the old financial rails may need an upgrade and is betting heavily on tokenization, according to the article. It reports nearly $150 billion tied to digital assets and tokenized funds already in its ecosystem.
Published:
Updated:
What happened
BlackRock says the old financial rails may need an upgrade and is betting heavily on tokenization, according to the article. It reports nearly $150 billion tied to digital assets and tokenized funds already in its ecosystem.
Confirmed
Global impact / market context
If big asset managers move money onto tokenized funds, which means fund shares recorded on a blockchain, banks could lose fees from handling and settling trades. That would shift revenue toward firms like BlackRock and pressure bank profit.
Analyst inference
The article links BlackRock to bitcoin and ether and promotes trading and newsletter links. It offers no prices or dates, so the claim that banks are done is a promotional prediction rather than a confirmed market event investors can verify.
Analyst inference
What to watch
- BlackRock's reported nearly $150 billion tied to digital assets and tokenized funds is the main figure given, so watch any update to that total in later statements. Confirmed
- The article proposes that old financial rails need an upgrade, so watch whether BlackRock formally asks regulators or partners to support tokenized fund settlement. Proposed
- If banks begin losing trade settlement fees to tokenized funds, their revenue could fall, so watch bank earnings reports for changes in fee income. Analyst inference
Affected assets
- ETH — Ethereum
- BTC — Bitcoin