# 264: Is Tokenization the Next Evolution of Global Financial Market Infrastructure? Ft. Rob Goldstein, COO of BlackRock

An episode of [The Bid - An Investing Podcast from BlackRock](https://invisiblenetwork.ai/podcast/1441032838), 18 Jun 2026, 29 min.

Audio: https://rss.art19.com/episodes/54337a8f-e06d-4ca7-baad-26f16a4e7f2f.mp3?rss_browser=BAhJIhVJbnZpc2libGVOZXR3b3JrBjoGRVQ%3D--0761ee75eb25694efc17849092f8583c07f6c68b

Financial market infrastructure is often invisible to investors, yet it powers every trade, settlement, and ownership record across capital markets. As technology evolves, tokenization is emerging as a new way to represent and transfer financial assets, raising questions about how markets may operate in the future. In this episode of The Bid, Oscar Pulido speaks with Rob Goldstein, Chief Operating Officer at BlackRock. They discuss what tokenization means in practice, how it differs from cryptocurrencies, and why digital assets are drawing increased attention from investors, institutions, and policymakers. The conversation explores how tokenization could improve access, efficiency, and connectivity across financial markets. Rob also shares his perspective on the coexistence of traditional financial systems and digital assets, the role of digital wallets, and the regulatory developments that could shape adoption in the years ahead. Key insights: · How tokenization creates digital representations of financial assets · Why tokenization differs from cryptocurrencies and Bitcoin · How digital wallets could expand access to capital markets · Why traditional finance and digital assets may coexist · What role blockchain technology plays in financial infrastructure · How regulation could influence the future of tokenized markets 🔗 Watch and Subscribe to The Bid on YouTube: https://1blk.co/48iHOs4 🔗 Follow Us on LinkedIn: https://1blk.co/3v09q6Q 🔗 Follow Us on Twitter (or X): https://1blk.co/3NuiIOW 🔗 Learn More About BlackRock: https://1blk.co/41uwhDS Key moments in this episode: 00:00 Tokenization Success Metrics 00:33 Markets Plumbing Shift 01:56 Welcome and Guest Intro 03:25 Defining Tokens and Wallets 06:07 Global Access and Wallet Growth 08:49 Traditional Finance Complexity 11:45 Bridging TradFi and Digital 13:45 Crypto vs Tokenization 16:57 Phone as Portfolio Hub 18:11 Op-Ed and Tech Evolution 22:09 Digital Assets in Portfolios 23:33 What Must Happen Next 25:08 Keep It Simple for Users 26:46 Closing Thoughts and Wrap 27:54 Outro and Disclosures Tokenization, Digital assets, Financial market infrastructure, Capital markets, Blockchain technology, Digital wallets, Investing innovation, Financial technology This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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