‘Updating the Plumbing of the Financial System’: BlackRock CEO Larry Fink Says Tokenization Could Expand Access to Markets
[ad_1] BlackRock CEO Larry Fink is outlining a sweeping vision for the future of financial markets. In his latest annual letter, Fink emphasizes long-term investing, broader market participation and the transformative potential of tokenization. He frames today’s economic environment as one defined by rapid change and uncertainty, with digital wallets and tokenized assets offering the […]
Crypto Treasury Execs Say Basel Risk Weights for Crypto Need Updating
[ad_1] Crypto treasury executives are calling on the Basel Committee on Banking Supervision (BCBS), an international banking regulatory body, to revise the 1,250% risk weight for Bitcoin and other cryptocurrencies under the Basel III framework. The 1,250% capital requirement means that banks must back any Bitcoin (BTC) on their balance sheets at a 1:1 ratio […]