Blackrock expands digitally asset team, adding four roles

Blackrock is looking to add more people to its digital asset team as the industry is growing in popularity among Wall Street companies.

Since the inauguration of US President Donald Trump, big names in funding have taken several steps to expand their presence in crypto. While Blackrock has long been a pioneer in space, especially among traditional financial banks, it seems that the asset manager has more in store.

Four roles on Blackrock’s digital asset team were added to its site on Wednesday, including Director of Digital Assets, Director of Legislative Affairs, Deputy President of Digital Active and ETF -Juridic adviser and associated for digitally asset.

According to the job description, three of the roles are based in New York and another in Atlanta. Otherwise, the descriptions have been kept pretty wide and don’t give any clues away from what Blackrock may seem to work on in the future.

For the role of the legal adviser, the company seeks someone who can help with Future Crypto Exchange-Traded Fund (ETF) launches. Blackrock has so far issued two Spot ETF products, Ishares Bitcoin Trust (Ibit) and Ishares Ethereum Trust (ethe).

Other issuers have applied to launch funds for several other crypto assets, including Solana (SOL), XRP and Litecoin (LTC). Blackrock has not announced any plans to do the same.

Asset Manager is also strongly focused on tokenization, a sector where it has quickly become a leading strength.

The company’s Tokenized Money Market Fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has drawn at $ 1.7 billion since its introduction in 2023, making it by far the largest tokenized fund on the market at the moment.

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