BlackRock expands crypto bet with 7 senior hires across U.S. and Asia
Summary
BlackRock, the $10 trillion asset manager, is significantly expanding its digital asset strategy by hiring seven senior employees across the U.S. (six roles) and Singapore (one role). These hires span research, strategy, and business leadership, signaling a deeper commitment to crypto and blockchain assets amid growing institutional interest in tokenized products. The U.S. roles aim to scale existing digital asset ETFs, including the iShares Bitcoin Trust (IBIT), and develop next-generation products. The Singapore-based position will lead digital asset strategy across Asia, focusing on identifying "first-mover big bets" as regulatory clarity improves. This hiring push follows BlackRock's successful launch of its spot bitcoin ETF and CEO Larry Fink's advocacy for tokenized assets to modernize capital markets.
(Source:CoinDesk)