đ„đ„đ„ Research: $10 Trillion AUM #BlackRockâ© Could Launch Its Own Blockchain
BlackRockâs #cryptoholdings
BlackRockâs crypto assets include Bitcoin (BTC), #Stablecoins like USDC, and tokenized assets such as BUIDL, as analyzed by Token Terminal.
BlackRockâs Bitcoin Strategy
Token Terminal identifies three key advantages that BlackRock sees in Bitcoin:
1. Global Accessibility: Bitcoinâs digital nature ensures global access.
2. Efficient Cross-Border Transactions: It facilitates international transactions efficiently.
3. Inflation Hedge: Bitcoinâs fixed supply makes it a potential safeguard against inflation.
Blockchain Initiative Speculation
Token Terminal suggests that BlackRock could potentially launch its own blockchain to manage its $10 trillion in assets under management (AUM). This would enhance record-keeping and create a global, interoperable ledger, similar to Coinbaseâs Base L2. The firm has already introduced the iShares Bitcoin ETF (IBIT) and other crypto products, though a Solana ETF seems unlikely at present.
Implications for Traditional Finance
A BlackRock blockchain could signify a major shift in traditional finance, transitioning from conventional asset management to digital asset leadership. Such a move would require regulatory clarity, which remains a concern among industry observers.
Potential Benefits
Adopting blockchain could streamline BlackRockâs operations, cut costs, boost transparency, and enhance security. It would also offer clients new opportunities in digital assets, reinforcing BlackRockâs position in the digital asset space. The success of BlackRockâs BUIDL fund, the largest tokenized fund, highlights the growing integration of blockchain in traditional finance.
Source - beincrypto.com
