A major asset management company, BlackRock, has received over $40,000 worth of memecoins and NFTs.Â
This includes a significant $100 million USDC deposit on Ethereum following its partnership with Securitize. The firm received various coins and tokens, such as Ordinals Pepe, CryptoDickbutts S3 NFTs, unshETHing_Token, Realio Network tokens, Mog Coin, and others.
Interestingly, the RIO token saw a 47% increase after being transferred to BlackRock. This move reflects BlackRock’s evolving stance on cryptocurrencies, as CEO Larry Fink, who once criticized Bitcoin, now embraces it. BlackRock even launched a spot Bitcoin ETF in 2023, which has become highly popular.
Fink envisions a future where financial assets are tokenized on Ethereum’s blockchain, streamlining processes and increasing accessibility. The BlackRock USD Institutional Digital Liquidity Fund, nicknamed “BUIDL,” allows investors to earn USD yields through Securitize Markets, LLC.
This strategic shift towards digital assets showcases BlackRock’s adaptation to the evolving financial landscape. The company’s proactive approach to blockchain and tokenization highlights its commitment to innovation and staying ahead in the market.
Also Read: BlackRock BTC ETF Hits $3.9B Daily Volume Amid Bitcoin Drop
