Larry Fink, CEO of the biggest asset management firm in the world, BlackRock, thinks tokenizing asset classes like stocks and bonds might enhance efficiency in capital markets and increase investor access. BlackRock is looking into the digital asset sector, and the CEO said in his most recent annual letter to
BlackRock, which manages $10 trillion in assets, is dismissing up to 500 people in a first wave of layoffs since 2019. Even with the layoffs, the company’s worldwide staff of around 18,000 individuals is still very modest. CEO of BlackRock, Larry Fink, wrote a note to workers today announcing the
The U.S. Securities and Exchange Commission (SEC) charged investment giant BlackRock’s former Portfolio Manager Randy Robertson on Thursday for failing to declare a conflict of interest. Robertson has committed to paying a $250,000 fine to settle charges. Also, he accepted a cease-and-desist order without acknowledging or refuting the SEC’s findings.
The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would
Tokenization of assets is “the next generation for markets,” BlackRock CEO Larry Fink has remarked. Tokenization is a term used in the blockchain industry to describe the process of creating a digital token on the blockchain that represents an asset and verifies its ownership and transaction history. With this method,
The exchange-traded fund’s (ETF) fees and ticker are currently unknown. BlackRock’s cryptocurrency ETF officially debuted in Europe earlier this week. With the release of the Metaverse ETF, the biggest issuer of ETFs in the world, BlackRock, is placing a significant wager on the cryptocurrency market. According to a regulatory filing
Adoption of a benchmarking standard is a necessary part of its crypto strategy. Since its 2017 inception, CF Benchmarks has established an impressive reputation. The world’s biggest asset manager, BlackRock, has almost finished securing its foothold in the crypto space. The asset management behemoth is aiming to use a Kraken
Clients will be able to control their Bitcoin exposures. After a purchase or sell order is placed, the transaction is finalized instantly. Financial institutions now have access to spot Bitcoin thanks to a private trust formed by global investment manager BlackRock. With this trust, institutional investors in the United States
