BlackRock is studying cryptocurrencies, stablecoins and more, says CEO Larry Fink

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ICYMI: BlackRock is studying cryptocurrencies, stablecoins and more, says CEO Larry Fink

Asset management giant BlackRock is studying the crypto sector broadly, said BlackRock CEO Larry Fink, in a conference call reported by theOn Tuesday, crypto payments company Circle, which manages the USD Coin stablecoin, announced partnering with BlackRock as a strategic advisor after a $400 million funding round, as The BlockDuring today's conference call, Fink said BlackRock has been working with Circle for the past year managing some of the company's cash reserves, with the goal of...

Within crypto, BlackRock is looking at assets, stablecoins, permissioned blockchains and tokenization."We are increasingly seeing interest from our clients," he said on the call, which he also mentioned in aIn the same letter, Fink had also mentioned that the firm is"studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.

 

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