BlackRock (NYSE:BLK), the world’s largest asset manager with $10 trillion in assets under mangement, has been steadily building a multifaceted crypto strategy.
What Happened: Token Terminal, a research firm specializing in digital assets, has analyzed BlackRock’s approach to digital assets.
The company segments the crypto world into three primary categories:
- Crypto assets like Bitcoin (CRYPTO: BTC)
- Stablecoins such as USD Coin (CRYPTO: USDC)
- Tokenized assets, exemplified by BUIDL, an onchain money market fund
The firm not only owns a significant stake in the Bitcoin Trust through its iShares Bitcoin Trust (NASDAQ: IBIT), boasting $18 billion in assets under management, but it also holds interests in Circle, the issuer of USDC with a circulating supply of $32 billion, and in Securitize, the transfer agent for BUIDL which ...