BlackRock, a well-known asset management firm, has bought memecoins and NFTs for over $40,000. Among them is a substantial $100 million USDC deposit made on Ethereum as a result of its partnership with Securitize. Ordinals Pepe, CryptoDickbutts S3 NFTs, unshETHing Token, Realio Network tokens, Mog Coin, and other tokens were distributed to the organization.
Fink believes that tokenizing financial assets on the Ethereum blockchain will improve accessibility and streamline operations in the future. Through Securitize Markets, LLC, investors can earn USD returns through the BlackRock USD Institutional Digital Liquidity Fund, better known as “BUIDL.”
It’s worth noting that after migrating to BlackRock, the RIO coin has increased by 47%. This decision demonstrates BlackRock’s changing stance on cryptocurrencycurrencies, as CEO Larry Fink, who earlier opposed Bitcoin, now supports it. In 2023, BlackRock even launched a spot Bitcoin ETF, which soon became popular.
BlackRock’s strategic shift toward digital assets highlights how the company has adapted to the shifting financial landscape. The company exhibits its commitment to innovation and preserving its market leadership by taking a proactive approach to tokenization and blockchain.
Read also: BlackRock’s CEO Larry Fink Sees Potential for Ether ETF Despite SEC Scrutiny
