BlackRock Financial Management Inc., the $ 7.8 trillion asset manager, appears poised to expand its presence in blockchain and digital assets.
According to a new vacancy, the company is recruiting for the position of vice president, blockchain lead for his New York office. The person hired for this position is tasked with ‘creating and implementing strategies designed to drive demand for the company’s supply’ as well as ‘improving the value proposition’. […] of the company’s investments and technology offerings. ”
The candidate must have at least one year of experience in blockchain business, including “cryptographic hash functions, distributed network consensus mechanisms, and public-private key cryptography.”
While the vacancy does not specify blockchain-related products in development at the company, it is possible that BlackRock is positioning itself to meet the growing institutional demand for digital assets.
Like Forbes reported Earlier this year, there are indications that investors are fleeing BlackRock’s long-term crypto fund investment products offered by Grayscale and others. This is part of a wider institutional pivot towards Bitcoin and other digital assets currently underway.
After their initial skepticism, BlackRock’s top executives have responded positively to Bitcoin and the wider digital asset market. Larry Fink, the company’s CEO, says Bitcoin has “captured the attention and imagination of many people”, including those who work at BlackRock.
Rick Rieder, BlackRock’s CIO of Fixed Income, Says Bitcoin Is Not Only Here To Stay, But It Will Happen “Taking the place of gold to a great extent.”
BlackRock has indirect exposure to Bitcoin through MicroStrategy, the business intelligence company that applies now 70,470 BTC after a series of purchases this year.