Cryptocurrency Coup: BlackRock's $100M Move into Memecoins and NFTs Revealed

BlackRock, a major asset management company, has recently made waves by venturing into the realm of memecoins and non-fungible tokens (NFTs), showcasing a notable shift in its digital asset strategy. Following the establishment of a new tokenization fund, BlackRock has amassed a portfolio of memecoins and NFTs worth at least $40,000.

BlackRock Launches New Fund as Ethereum Blockchain Records $100 Million USDC Deposit

On March 15, a substantial deposit of $100 million in USD Coin (USDC) was recorded on the Ethereum blockchain. This coincided with BlackRock's announcement of the BlackRock USD Institutional Digital Liquidity Fund, developed in collaboration with San Francisco-based asset tokenization firm, Securitize.

BlackRock-Linked Address Receives Diverse Crypto Assets and NFTs Worth Over $1 Million

Since March 19, numerous anonymous crypto users have transferred various coins and NFTs to an address linked with BlackRock. Among these assets are Bitcoin-based Ordinals Pepe (PEPE) coins, unique NFTs like CryptoDickbutts S3, and significant quantities of tokens such as unshETHing_Token (USH) and Realio Network (RIO), with values peaking at $13,755 and $11,600, respectively.

Larry Fink's Evolution on Bitcoin and Blockchain Technology: From "Money Laundering" Label to Approved ETF Application

Larry Fink, BlackRock's Chairman and CEO, has undergone a significant evolution in his views on Bitcoin and blockchain technology. From previously labeling Bitcoin as an "index of money laundering" in 2017, Fink's stance has evolved. BlackRock's filing for a spot Bitcoin exchange-traded fund (ETF) in June 2023 and subsequent approval indicate this shift.

BlackRock's Larry Fink Predicts Tokenization Future, Unveils USD Institutional Digital Liquidity Fund 'BUIDL'

In a Bloomberg interview, Fink articulated BlackRock's vision for financial asset tokenization on Ethereum, envisioning a future where all stocks and bonds are recorded on a unified ledger. This vision aligns with BlackRock's latest initiative, the BlackRock USD Institutional Digital Liquidity Fund, symbolized as "BUIDL."