The world’s largest asset manager, BlackRock, continues to thoroughly examine the cryptocurrency industry.
According to information reported by the Wall Street Journal, BlackRock’s CEO, Larry Fink, announced that their research work on the crypto money world continues.
According to Fink’s statements yesterday, BlackRock has been working with USDC developer Circle since last year and some of Circle’s reserves are managed by BlackRock. BlackRock, over time the Circle’s reserves to rule all aims.
After the statements made on Tuesday, Circle said that among BlackRock, Fidelity Management and Research, Marshall Wace LLP and Fin Capital’s from a group of investors including 400 million dollars It was learned that the investment had been received.
Under his management, approximately $9.6 trillion CEO of BlackRock with assets; On the one hand, the world of cryptocurrencies assets, stablecoins, permissioned blockchains and tokenization announced that they were examining the technology.
Fink, in the letter he sent to BlackRock shareholders last month, said that they were doing research on this issue, as BlackRock. “In order to provide better service to its customers; digital currencies, stablecoins and their underlying technologies” He stated that they were looking into it.