Bittime - BlackRock (BLK), a giant investment company, has just made a breakthrough by launching a product called the BlackRock USD Institutional Digital Liquidity Fund. This information was revealed from documents filed with the United States Securities and Exchange Commission (SEC).
Get to know BlackRock: The world's investment management giant
BlackRock is the largest investment management company in the world, with total assets under management of more than 9 trillion United States dollars according to Statista. Founded in 1988 and headquartered in New York City, BlackRock has grown rapidly into a financial giant that manages a variety of investment products and services.
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BlackRock serves a wide range of clients, from large institutional investors such as pension funds and insurance companies, to individual investors. The company is known for its expertise in passive investment strategies, especially through the iShares exchange-traded fund (ETF) they created.
Apart from that, BlackRock also actively manages various other investment assets, such as shares, bonds, property and alternative investments.
BlackRock is a major player in shaping global financial markets. This company is often in the spotlight because of its influence on corporate governance, environmental and social issues, as well as its role in the evolution of investment strategies in the modern financial world.
BlackRock Collaborates with Securitize
Interestingly, BlackRock is partnering with Securitize, a company that operates in the field of asset tokenization. Asset tokenization itself is the process of changing ownership of real assets into digital assets on the blockchain. These real assets can be anything, from property, shares, to works of art.
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Unfortunately, the document does not explain in detail what assets this BlackRock product will own. However, Securitize's involvement indicates the possibility of this product being related to the tokenization of real assets (RWA - Real-World Asset).
Interestingly, after BlackRock's announcement, the price of ONDO tokens from Ondo Finance, a platform operating in the RWA sector, soared by 20%. This increase even exceeded the increase in the general crypto index (CoinDesk 20 Index) and Bitcoin (BTC) in the last 24 hours.
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This step by BlackRock could be a signal of the increasingly widespread use of blockchain technology in the investment world. In the future, perhaps we can invest in property or works of art simply through owning digital tokens.
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
How Much Bitcoin Does BlackRock Own?
Bitcoin ETFs: BlackRock and Fidelity Still Lead the Market
BlackRock's Bitcoin ETF: Definition, Advantages, and Disadvantages
Investors Enthusiastic About Bitcoin ETFs from BlackRock and Fidelity
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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