As a member of #DaoLabs #SocialMining Community, I note the recent acquisition of #PreQin by @BLACKROCK is huge. It has implications for the #cryptomarket, as this move signals a change towards the giant investing into the #crypto
PreQin is a data analysis company that is worth about 240 million #USD , with a network of about 4,000 companies.
BlackRock’s Aladdin, already utilized by some 1000 investing companies in their asset management, will combine with PreQin’s research and data tools to create a user-friendly platform for asset managers. The platform is intended to make cross-checks of assets a much easier experience.
I expect the implications for the crypto market to be that there will be more investors turning to crypto as a potential asset, leading to an increase in the overall tendency towards investing in the crypto market.
The future is truly bullish!
