BlackRock, the asset management giant It is studying the crypto sector at large, as BlackRock CEO Larry Fink said in a conference call reported by Wall. Street Journal
USD Coin operator Circle has announced a partnership with BlackRock as a strategic advisor following a $400 million funding round.
During today’s conference call, Fink said BlackRock has been working with Circle for the past year. to manage the company’s cash reserves with the goal of being the main manager of those reserves.
BlackRock is looking for assets, stablecoins, permissioned blockchains and tokenization. “We’re seeing more and more interest from customers,” he said, which he describes in a blog post.letter to shareholderlast month as well
In the same letter, Fink also said that the company is “Study cryptocurrencies, stablecoins, and underlying technologies to understand how they can help us serve our customers.”
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