$4.1 trillion is held in global digital wallets, a large portion of which is outside the United States. Fink's assessment is that tokenizing and digitizing ETFs, guiding novice investors entering the market through cryptocurrencies into traditional pension products, and fully tokenizing everything from real estate to stocks to bonds, is BlackRock's core opportunity for the next few decades.

BlackRock now owns BUIDL, the world's largest tokenized money market fund, and its Bitcoin ETF, iBIT, has exceeded $100 billion in assets, compared to zero two years ago. Fink, who once held reservations about cryptocurrencies, now publicly states: "I like it now, but I'm still growing and learning."