Key Takeaways BlackRock has plans to offer its investors crypto trading as well as the ability to borrow money with crypto collateral. Several sources have notified Coindesk of these plans. However, BlackRock has not officially confirmed these reports. BlackRock is the world’s largest asset manager, with more than $10 trillion under management by institutional clients. Share this article Wealth management giant BlackRock plans to offer its clients cryptocurrency trading, according to sources interviewed by Coindesk. Those customers could also borrow money with crypto as collateral. A source suggested that BlackRock will offer the service on its Asset, Liability, Debt and Derivative Investment Network, or “Aladdin”. Another source gave more details about BlackRock’s plans, claiming that the company wants to go “hands-on with … crypto” and that it is “looking for providers in the space.” The third source said about 20 BlackRock employees are currently researching cryptocurrency and believed those employees “see all the power that everyone else is getting,” adding that “they want to make some money out of this.” the service can be introduced. BlackRock is interested in crypto BlackRock has not confirmed these reports. It is known that the company is considering blockchain. The company began searching for a blockchain strategy leader for Aladdin last June. Before that, in December 2020, it posted job openings looking for a blockchain executive. institutional clients. Meanwhile, BlackRock Managing Director and Chief Investment Officer, Rick Rieder, named Bitcoin more functional than gold in November 2020. The company also apparently plans to launch an ETF that tracks blockchain companies, according to SEC filings seen in January. . BlackRock is the world’s largest asset manager, with over $10 trillion in assets under management. Her clients include endowments, sovereign wealth funds and public pension plans. Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies. Share this article The information on or accessible through this website was obtained from independent sources believed to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness or accuracy of any information contained on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not provide personal investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or may be incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete or inaccurate information. You should never make an investment decision about an ICO, IEO or other investment based on the information on this website, and you should never interpret or otherwise rely on the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO or other investment. We do not accept compensation in any form for analyzing or reporting ICOs, IEOs, cryptocurrency, currencies, tokenized sales, securities or commodities. See full terms and conditions. Bitcoin Will Replace Gold, The World’s Largest Asset Firm Says BlackRoc… In a CNBC interview this morning, Rick Rieder, the investment manager at BlackRock Inc., said Bitcoin is more functional than gold. Blackrock’s Bitcoin Hedge Recently, Rieder expressed his optimism about… BlackRock CEO “Fascinated” by Bitcoin, Closely Watched The CEO of BlackRock, a company with $8.6 trillion in assets under management (AUM), told the media that “cryptocurrency a great asset class.” However, there is “little” interest… How to take advantage of market volatility using linear and inverse contracts… Perpetual contracts are agreements between buyers and sellers with no specific expiration date, unlike other types of similar contracts such as options or futures. It’s for the buyer and… Kevin O’Leary Discusses Crypto’s Path to Institutional Ado… Crypto Briefing sits down with Kevin O’Leary to discuss crypto as software, DeFi, NFTs and institutional asset class adoption. Leary sees crypto as software Kevin O’Leary is…
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