According to CoinDesk: Asset management titan, BlackRock, is now reportedly the holder of over $40,000 in memecoins and non-fungible tokens (NFTs). The company's range of tokens extends from Bitcoin-based Ordinal’s Pepe (PEPE) coin to CryptoDickbutts S3 NFT. This news follows on-the-spot tracking of one of its likely wallets linked to a new tokenization fund.
Records showcase a $100 million USD Coin (USDC) deposit made on Ethereum on March 15, one day after the company announced a proposal to launch its BlackRock USD Institutional Digital Liquidity Fund in association with the asset tokenization firm, Securitize.
Ever since March 19, at least 40 coins and 25 NFTs have been delivered to the BlackRock-labeled address, which also received 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens, the two largest transfers amounting to $13,755 and $11,600, respectively. Impressively, the RIO token, a real-world asset tokenization coin, has surged 47% since being transferred to BlackRock, as per CoinGecko.
Larry Fink, CEO of BlackRock, confirmed that large quantities of Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), and Shina Inu (SHI) have been received.
The BlackRock address initially deposited $200 USDC on March 5, followed by another trial deposit of $10 on March 15. Soon after, $99,999,960 was deposited in a few blocks, as highlighted on Etherscan.
BlackRock has indeed, entered the path of asset tokenization with a strategic investment in Securitize, unveiling its tokenized asset fund, the BlackRock USD Institutional Digital Liquidity Fund, on the Ethereum network. The fund promises investors daily U.S. dollar yields via subscriptions through Securitize Markets, enriching the firm's digital asset strategy.
The move represents a substantial shift in Fink's stance on Bitcoin and blockchain since 2017, when he labeled Bitcoin as an "index of money laundering." Today, Fink ventures into tokenization, acknowledging that financial assets' destiny lies with technologies such as Ethereum.
