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Blackrock Inc. is reportedly studying the crypto sector broadly. According to a report<\/a> by the Wall Street Journal, the asset management firm is exploring different facets of the crypto industry that best benefits its customers.<\/p>\n Blackrock’s CEO, Larry Fink, told the Wall Street Journal in a conference call early Wednesday that the firm was looking into digital assets, stablecoins, permissioned blockchains, and tokenization. He cited that the firm’s clients had increased their interest in these technologies and related investment products, thus the need for Blackrock<\/a> to familiarize itself with them.<\/p>\n News of Blackrock Inc. studying the crypto sector comes almost two weeks after the firm’s CEO predicted that Russia’s invasion<\/a> of Ukraine could accelerate central banks’ adoption of digital assets.<\/p>\n Mr. Fink predicted the accelerated adoption of digital assets in his annual letter to shareholders, where he stated the following<\/a>.<\/p>\n …a less discussed aspect of the war is its potential impact on accelerating digital currencies. The war will prompt countries to re-evaluate their currency dependencies. Even before the war, several governments were looking to play a more active role in digital currencies and define the regulatory frameworks under which they operate…<\/p>\n A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption. Digital currencies can also help bring down costs of cross-border payments…As we see increasing interest from our clients, BlackRock is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.<\/p><\/blockquote>\nWar in Ukraine Could Accelerate Adoption of Digital Assets<\/h2>\n
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