Published: 14.04.2022
Article reading time:
1 min.
During a conference call, BlackRock CEO Larry Fink revealed that the largest asset management company is extensively exploring the cryptocurrency sector.
Larry Fink revealed that BlackRock has been working with Circle, the issuer of the USDC stablecoin, for the past year. BlackRock has managed a portion of the reserves backing the stablecoin and plans to become the primary management company for these reserves in the future. Circle recently launched another $400 million funding round with BlackRock as a strategic investor.
As for the study of the cryptocurrency sector, the company’s management is interested in a variety of industries. Including cryptocurrencies, stablecoins, blockchain opportunities and tokenization of various assets.
“We are constantly seeing an increase in interest in this area from our customers,” said Fink.
Earlier, the CEO of BlackRock expressed the opinion that military actions in Ukraine and sanctions against Russia will increase the popularity of cryptocurrencies.
Source: Bits
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