🚨 BITWISE CIO MATT HOUGAN ON WHY BLACKROCK IS MOVING FORWARD ON TOKENIZATION REGARDLESS OF REGULATION:
"It looks like Uber. It looks like Airbnb. It looks like the early days of the internet. Consumers and companies moved ahead of the current regulatory status quo because there was demand on the other side that was obvious, and they felt they could do it in a safe and successful manner."
On BlackRock specifically:
"BlackRock's doing it because they feel they can do it in a compliant fashion, and they know there is demand on the other side. They know the world is moving to tokenize all assets, and they wanna be the world's largest asset manager in that world."
On the domino effect:
"If BlackRock is doing it, then the board of every other asset manager is asking why they're not doing it, and they will follow in a few months."
His conclusion:
"It's basically an inevitability. Assets want to move 24/7, 365 on a global basis. The way to do that is on chain. We're going to see all assets move on chain over the next five to ten years."