• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

“Very Interesting Developments” Happening in Crypto Says BlackRock’s CEO

16/03/2023 17:18
No comments
BlackRock's CEO Larry Fink

BlackRock's CEO Larry Fink

BlackRock’s CEO Larry Fink has for the first time specifically mentioned crypto, or digital assets as he calls it, in his annual letter to investors and CEOs.

“Beyond the headlines – and the media’s obsession with Bitcoin – very interesting developments are happening in the digital asset space,” Fink said in a wide ranging letter that covered events from Ukraine to the Silicon Valley Bank collapse.

“For the asset management industry, we believe the operational potential of some of the underlying technologies in the digital assets space could have exciting applications,” Fink argued.

“In particular, the tokenization of asset classes offers the prospect of driving efficiencies in capital markets, shortening value chains, and improving cost and access for investors.”

Just last month a Blackrock ETF, the iShares Core S&P 500 ETF, was tokenized and is available for trading on Uniswap.

This token stock is one of the first to be carried out in a USDc manner, and it’s by an entity that claims to be fully regulated in Europe.

“At BlackRock we continue to explore the digital assets ecosystem, especially areas most relevant to our clients such as permissioned blockchains and tokenization of stocks and bonds,” Fink says.

They’ve explored far wider areas too as BlackRock has become the asset manager of USDc’s $37 billion.

They’ve also explored investing in bitcoin futures with a filing revealing in January that the BlackRock Global Allocation Fund might also invest in cash-settled bitcoin futures.

“We plan to apply the same standards and controls to digital assets that we do across our business,” Fink says in so effectively making official their crypto debut.

Fink also pointed out that America and Europe might be falling behind in payments, contrasting it to emerging markets.

“In many emerging markets – like India, Brazil and parts of Africa – we are witnessing dramatic advances in digital payments, bringing down costs and advancing financial inclusion.

By contrast, many developed markets, including the U.S., are lagging behind in innovation, leaving the cost of payments much higher.”

In a fairly new development, some are including crypto in this payments innovation with Fink’s comment above made in the context of crypto.

A statement that presumably suggests there’s room for growth, explaining the expanding involvement of one of the world’s biggest asset manager.

Related Posts

Arbitrum opening price, March 2023

Arbitrum Gifts $1.7 Billion to the Public

Bitcoin art, March 2023

Stocks Jump 2%, Bitcoin Close to Touching $29,000

Coinbase Dives 15%

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Load More
  • Trending
  • Comments
  • Latest
The National Bureau of Economic Research

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Paul Grewal, Coinbase's Chief Legal Officer

We Asked SEC to Register, They Sent Us a Wells Notice Says Coinbase

NY District Court

XRP Hypes Ahead of Court Decision

Bitcoin and asset prices dive, March 2023

Bitcoin and Stocks Dip on Fed Hikes, But is it a Fakeout?

Arbitrum opening price, March 2023

Arbitrum Gifts $1.7 Billion to the Public

Bitcoin art, March 2023

Stocks Jump 2%, Bitcoin Close to Touching $29,000

Brian Armstrong getting ready for court. The words are a joke, but the picture is him for real, March 2023

Coinbase Dives 15%

The National Bureau of Economic Research

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Comments

Latest News

  • Arbitrum Gifts $1.7 Billion to the Public
  • Stocks Jump 2%, Bitcoin Close to Touching $29,000
  • Coinbase Dives 15%

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

(You have to be a paid subscriber)

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?