Larry Fink, CEO of BlackRock, thinks that progress can be made in digital currency technology as a result of the Russia-Ukraine war.
Fink, who manages the world’s largest asset manager, evaluated the possible consequences of the Russia-Ukraine war in the letter he sent to shareholders.
Fink said that the level of dependency on currencies can be reassessed on a country-by-country basis, and as BlackRock, both digital money as well as stablecoin technologies Said they were looking into it.
BlackRock CEO’s statements, “A well-designed, global digital payment system can improve international transactions while reducing the risk of money laundering and corruption.” was in shape.
Stating that the globalization process, which has been going on for 30 years, ended with the Russia-Ukraine war, Fink said, from global capital markets to take advantage “It’s not a right, it’s a privilege” He added that as BlackRock, they no longer buy securities from Russia.
The total value of BlackRock’s Russian-based assets held on behalf of its clients was about approx. $18 billion was at the level. With the outbreak of war, the company increased this number. down to less than $1 billion.