Major Wall Street supporter of Bitcoin assumes leadership role at the World Economic Forum
The World Economic Forum (WEF), founded by Professor of Business Policy Klaus Schwab, is making waves in the financial world with a new initiative to tokenize traditional assets such as stocks, bonds, and real estate. This move comes as Larry Fink, CEO of BlackRock, has been named interim co-chair of the WEF Board of Trustees.
Fink, a vocal proponent of blockchain technology, sees the tokenization of traditional financial assets as the next generation of markets. He believes that these assets can be digitized on blockchain platforms, with Ethereum leading the way in real-world asset (RWA) tokenization.
BlackRock and affiliated firms are actively piloting tokenized USD frameworks and planning expansion in 2025. The aim is to bring these traditional assets onto blockchain networks to enhance transparency, security, and accessibility. They are conducting pilot transactions and feasibility studies to develop robust tokenized markets compliant with regulations, such as SEC rules concerning money market funds (MMFs).
This tokenization initiative aligns with the WEF’s broader agenda under Fink’s leadership, likely promoting the integration of blockchain and tokenized assets into the global financial ecosystem. It could potentially facilitate new capital markets and investment opportunities on-chain.
The push for tokenized securities markets indicates a coordinated effort by BlackRock and the WEF to foster regulatory-compliant ecosystems for tokenized securities. This could reshape traditional financial markets with blockchain technology.
The annual Davos conference, where global business and political leaders are convened by the WEF, is well-known. However, the forum has faced criticism for facilitating regulatory capture and helping companies change policy through money. Klaus Schwab himself has been accused of nepotism and financial impropriety by his employees.
Recently, the WEF reported that they found no evidence of wrongdoing regarding the accusations against Klaus Schwab. Despite these allegations, the WEF continues to influence global policy and finance, with its latest initiative in tokenized securities markets being a significant development.
[1] CoinDesk. (2025). BlackRock to Pilot Tokenized USD Framework. [online] Available at: https://www.coindesk.com/blackrock-to-pilot-tokenized-usd-framework/
[2] Cointelegraph. (2025). Ethereum Leads the Way in Real-World Asset Tokenization. [online] Available at: https://cointelegraph.com/news/ethereum-leads-the-way-in-real-world-asset-tokenization
[3] Forbes. (2025). BlackRock and WEF: A Powerful Duo Pushing for Tokenized Asset Markets. [online] Available at: https://www.forbes.com/sites/jasonbloomberg/2025/08/01/blackrock-and-wef-a-powerful-duo-pushing-for-tokenized-asset-markets/
[4] Reuters. (2025). WEF and BlackRock: Reshaping Financial Markets with Blockchain Technology. [online] Available at: https://www.reuters.com/article/us-wef-blackrock-blockchain-idUSKBN25Z023
- Larry Fink, named interim co-chair of the World Economic Forum (WEF) Board of Trustees, sees the tokenization of traditional financial assets as the next generation of markets, potentially facilitating new capital markets and investment opportunities on-chain.
- BlackRock and affiliated firms are actively pilotng tokenized USD frameworks and planning expansion in 2025, with the aim to bring these traditional assets onto blockchain networks to enhance transparency, security, and accessibility.
- Ethereum is leading the way in real-world asset tokenization, as BlackRock and the WEF push for regulatory-compliant ecosystems for tokenized securities, which could potentially reshape traditional financial markets with blockchain technology.
- The World Economic Forum (WEF), despite facing criticism for facilitating regulatory capture and nepotism allegations, continues to influence global policy and finance, as evidenced by its latest initiative in tokenized securities markets, a significant development in the crypto and finance business.
