COO BlackRock: "Crypto is just beginning – The opportunities are limitless!"

At the State of Crypto conference, the Chief Operating Officer (COO) of BlackRock – Rob Goldstein – affirmed the positive stance of the world’s largest asset management firm towards the crypto sector.

Goldstein revealed that they have been studying this market since 2017 and see enormous potential in stablecoins, especially in asset-backed management – similar to money market funds, but more flexible.

BlackRock's strategy for approaching the crypto market revolves around creating bridges rather than direct purchases, exemplified by the resounding success of the IBIT ETF. Despite being only 18 months old, IBIT has made it into the top 25 largest ETFs in the world – while other ETFs have been around for over 12 years.

In addition, with asset tokenization products like BUIDL, BlackRock continues to demonstrate its ambition to lead the wave of global financial innovation.

Goldstein also pointed out the weaknesses in the current financial system: “Slow, costly, not scalable” – and believes that tokenization is the key to changing the game.

He concluded strongly:

“This game is still in the extremely early stages. The opportunities here are very, very large. It has only just begun.”

The crypto market is full of potential but also rife with risks. Please invest responsibly and equip yourself with adequate knowledge before participating.

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