Larry Fink, CEO of BlackRock, said that FTX, an encrypted exchange that has filed for bankruptcy, seems to have misconduct, but the technology behind the cryptocurrency is also closely related to the future development.
He believes that after the collapse of FTX, most crypto companies will follow suit. He acknowledged that BlackRock invested $24 million in FTX through a fund it managed.
However, despite FTX’s many problems, Larry Fink said that he believes that encryption technology will be very important. He said, I believe that the next generation of markets or the next generation of securities will be tokenized.