Larry Fink, CEO of BlackRock, said that “despite the appearance of some fault on the part of the collapsing FTX exchange, the technology behind the cryptocurrency remains relevant for the future.”
The president of the world’s leading asset management company also stated that: “We have to wait and see how this all plays out. At the moment we can make all the value judgments and there appears to be misbehavior with dire consequences ”.
The executive made this statement during an event hosted by the New York Times DealBook, where the head of the FTC also spoke, Sam Bankman-Fried.
Fink believes that most cryptocurrency businesses will not exist in the future.
The Importance of Blockchains
Despite all the troubles caused by the FTX bankruptcy, Fink said that he believes that blockchain technology will be very important: “I think the next generation for marketplaces and the next generation for securities is the tokenization of securities.”
Keep reading:
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► The digital euro is moving forward in its development and awaits a legal framework that adapts to its system
► The United Kingdom is advancing on its crypto regulation project
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