BlackRock Expands Digital Asset Team with Four New Positions
BlackRock is expanding its digital asset team, indicating growth in the crypto sector among major financial firms.
- Four new roles were posted: Director of Digital Assets, Director of Regulatory Affairs, Vice President for Digital Asset and ETF Legal Counsel, and Associate for Digital Asset.
- Three positions are in New York; one is in Atlanta. Job descriptions remain broad.
- The legal counsel role will support future crypto exchange-traded fund (ETF) launches.
- BlackRock has launched two spot ETFs: iShares Bitcoin Trust and iShares Ethereum Trust.
- Other issuers are seeking to launch funds for assets like Solana, XRP, and Litecoin.
- BlackRock is focused on tokenization, becoming a leader in this area.
- The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has raised $1.7 billion since its 2023 introduction, making it the largest tokenized fund currently available.