Blackrock is looking to add more people to its digital asset team as the industry grows in popularity among Wall Street companies.
Since the inauguration of US President Donald Trump, the big names in finance have taken several steps to expand his presence in cryptography. While Blackrock has been a pioneer in space, especially among traditional financial banks, the asset manager seems to have more in the store.
On Wednesday, four roles were added in the Blackrock digital asset team to its website, including the director of Digital Assets, Director of Regulatory Affairs, Vice President of Digital Assets Advisor of Assets and ETF and Associate for Digital Asset.
According to the description of the work, three of the roles are based on New York and another in Atlanta. The descriptions have remained quite wide and do not give any clue about what Blackrock could be looking to work in the future.
For the role of the legal advisor, the company is looking for someone who can help with future releases of the fund quoted by the Crypto exchange (ETF). Until now, Blackrock has issued two ETF Spot products, the Ishares Bitcoin Trust (Ibit) and the Ishares Ethereum Trust (ETHE).
Other issuers have requested that launch funds for several other cryptographic assets, including Solana (Sol), XRP and Litecoin (LTC). Blackrock has not announced any plan to do the same.
The asset manager also focuses strongly on tokenization, a sector in which it has quickly become a leading force.
The company’s tokenized money market fund, the Blackrock USD Institutional Liquidity Fund (BUIDL), has resorted to $ 1.7 billion since its introduction in 2023, which makes it the largest tokenized fund in the market currently.
