“At BlackRock we continue to explore the digital assets ecosystem, especially areas most relevant to our clients such as permissioned blockchains and tokenization of stocks and bonds.”

https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

Let me translate the corporatespeak:

“We have no idea what we’re talking about.”

IIUC the subtext is about “we haven’t yet built the legal/accounting framework our clients require to treat permissionless stuff as assets”