BlackRock, the world's largest asset manager, may consider launching its own blockchain network to manage its assets and revolutionize the capital market.
This was stated by the analysis firm focused on digital assets, Token Terminal, in a post made on X (formerly Twitter). The firm suggested that the creation of a blockchain, similar to the Layer2 Base network, could be among the plans of the largest asset manager in the world, to efficiently and transparently manage its more than $10 trillion under management and to revolutionize the way capital markets work.
According to Token Terminal’s post, BlackRock’s potential foray into the blockchain space would not be a surprise. In its post, it highlighted that the issuer of the iShares Bitcoin Trust (IBIT) sees blockchain technology as a fundamental tool for improving capital markets, allowing the creation of 24/7 operating markets, improving transparency and access for investors, reducing commission fees and ensuring faster settlement of trades.
In addition to all the advantages that blockchain technology offers, Token Terminal also suggested that creating its own blockchain would allow BlackRock to manage its assets more efficiently, through a global, transparent and interoperable ledger. The research firm also underlined BlackRock's interest in this technology, highlighting that the company has already been exploring various ways to integrate blockchain into its operations.
Blockchain technology in asset management
Token Terminal analysts suggest that the strategic approach BlackRock has been taking towards digital assets could motivate the development of a blockchain solution, not only to improve operational efficiency, but also to attract large financial institutions looking for robust solutions in the digital ecosystem.
The firm highlighted that, like Coinbase which launched its own Base blockchain, BlackRock could choose to develop its own network that would result in a secure infrastructure to manage its assets and foster innovation within the financial sector.
According to experts, BlackRock's launch of its own blockchain could transform the future of digital finance. First, this initiative would help consolidate blockchain technology as a fundamental tool in asset management, allowing for greater transparency and security in transactions. Furthermore, by integrating blockchain into its operations, BlackRock could set new standards of efficiency in asset management, which could attract an even greater number of institutional investors.
A leader in the field of cryptocurrency investment
Since the approval of Bitcoin ETFs in the United States earlier this year, the company has established itself as the most important player in digital asset investing. Its Bitcoin ETF, IBIT, has become one of the largest and fastest-growing funds in the world, with more than $20.500 billion in assets to date.
Token Terminal highlighted BlackRock's current position as a key player in the cryptocurrency space as an element that further reinforces the idea of developing a blockchain. According to the firm, the creation of its own blockchain could be a natural step in the firm's evolution within the crypto world.
Additionally, BlackRock has explored other areas of the digital economy, such as tokenized real-world assets (RWA), through its BUIDL fund, which leads the market with a capitalization of over $500 million. These strategic moves indicate that BlackRock is not only interested in digital assets, but is also looking to innovate the way assets are managed and invested in general.
