BlackRock is considering launching its own blockchain
BlackRock, the world's largest asset manager with $10 trillion in assets under management (AUM), is reportedly considering launching its own blockchain, according to insights from the on-chain data platform Token Terminal
BlackRock, the world's largest asset manager with $10 trillion in assets under management (AUM), is reportedly considering launching its own blockchain, according to insights from the on-chain data platform Token Terminal.
This move could mirror Coinbase's development of its Layer-2 network, Base, and signifies a potential shift in the traditional finance (TradFi) sector towards decentralized solutions.
BlackRock's Crypto Strategy
Token Terminal's analysis reveals that BlackRock categorizes its crypto holdings into three main groups: crypto assets like Bitcoin (BTC), stablecoins such as USDC, and tokenized assets like BUIDL.
The firm recognizes Bitcoin's internet-native nature, its efficiency in cross-border transactions, and its fixed supply cap as key advantages, positioning it as a hedge against inflation.
The Case for a BlackRock Blockchain
The potential launch of a BlackRock blockchain is rooted in the firm's belief in blockchain technology's ability to enhance capital markets. This includes round-the-clock operations, improved transparency and investor access, lower fees, and faster settlements.
Token Terminal suggests that BlackRock could centralize the keeping of its vast holdings on a single, global, interoperable, and transparent ledger.
