BlackRock obtains memecoins, NFTs following $100M USDC deposit

  • BlackRock, an asset management firm, has been found to possess over $40,000 worth of memecoins and NFTs, signaling a shift towards cryptocurrency investments.
  • Following the announcement of its collaboration with Securitize to establish the BlackRock USD Institutional Digital Liquidity Fund, the firm deposited $100 million in USDC on ethereum.
  • BlackRock’s CEO Fink’s stance on bitcoin has shifted since 2017, evident in the approval and success of their bitcoin ETF application, now focusing on tokenising financial assets on ethereum.

BlackRock, an asset management firm, has recently been identified as the owner of a minimum of $40,000 worth of memecoins and nonfungible tokens (NFTs), following the discovery of one of its purported wallets linked to a newly established tokenisation fund by online investigators.

BlackRock flooded with 40 coins and 25 NFTs

On March 15, one day after announcing its collaboration with San Francisco’s asset tokenisation startup Securitize to establish the BlackRock USD Institutional Digital Liquidity Fund, data reveals a $100 million USD Coin (USDC) deposit on ethereum.

Since March 19, at least 40 coins and 25 NFTs, ranging from a CryptoDickbutts S3 NFT to the Bitcoin-based Ordinals Pepe (PEPE) coin, have been delivered to the BlackRock-label address by anonymous cryptocurrency users.

Also read: BlackRock’s bitcoin ETF hits $1B in 4 days

The $10 trillion asset manager also received exactly 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens, having the highest values at $11,600 and $13,755, respectively.

According to data, the BlackRock address deposited $200 USDC for the first time on March 5. On March 15, the company made another $10 test deposit. A few blocks later, it deposited $99,999,960.

Also read: Bitcoin surges to all-time high, fuels altcoin recovery

BlackRock changes stance

BlockRock’s CEO Fink has shifted his views on bitcoin and the blockchain space since 2017. Previously, he called bitcoin an “index of money laundering.”

In June 2023 BlackRock applied to a spot bitcoin exchange-traded fund (ETF). The application was granted, and the fund is currently generating some of the highest volumes in the whole ETF industry.

Currently, Fink and BlackRock want to tokenise financial assets on ethereum.

Sylvia-Shen

Sylvia Shen

Sylvia Shen, an intern reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

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