Blackrock seeks to add more people to its team of digital assets as the industry is gaining popularity among the companies of Wall Street.
Since the inauguration of American president Donald Trump, the big names in finance have taken several measures to extend their presence in crypto. While Blackrock has long been a pioneer in space, especially among traditional financial banks, the asset manager seems to have more in store.
On Wednesday, four roles on the BlackRock digital asset team were added to their website, in particular Director of Digital Assets, Director of Regulatory Affairs, Vice-President of Digital Assets and ETF Legal Advisor and Partner for Digital Assets.
According to the description of the post, three of the roles are based in New York and another in Atlanta. The descriptions have otherwise been maintained quite wide and give no clue to what Blackrock seeks to work in the future.
For the role of legal advisor, the company is looking for someone who can help with future launches of funds negotiated in exchange for crypto (ETF). Blackrock has so far published two ETF Spot products, the Ishares Bitcoin Trust (Ibit) and the Ishares Ethereum Trust (Ethe).
Other issuers have applied to launch funds for several other cryptographic assets, including Solana (Sol), XRP and Litecoin (LTC). Blackrock has not intended to do the same.
The active manager also focuses strongly on tokenization, an sector in which he quickly became a main force.
The company’s token monetary market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has attracted 1.7 billion dollars since its introduction in 2023, which makes it the largest tokenized fund on the market.
