Insight from the world’s biggest asset manager

Larry Fink, CEO of the world’s biggest asset manager, BlackRock (with over $10 trillion of funds under management), has been very vocal about the digitization of assets, stating that “the next generation for markets, the next generation for securities, will be tokenization of securities.”

Source: X

But, there is the old saying that “actions speak louder than words.” Well, BlackRock is translating words into actions when it comes to embracing blockchain-powered assets. And, intriguingly so; it has launched two products recently which, arguably, are juxtaposed, being at different ends of the risk spectrum. The first of these has been an ETF investing in Bitcoin which has become the fastest growing ETF in history. The second is the announcement that BlackRock is digitizing its USD Institutional Digital Liquidity Fund as it aims to tokenize £10trillion of assets. The success of the BTC ETF has also been helped by the value of Bitcoin increasing since the beginning of the year by 54%, compar…