“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

My guess is Morgan Stanley doubles down on AI (potentially Goldman via SVB), while JPM and BlackRock double down on digital assets.

Quorum, R3, Ripple, Corda, Hyperledger and other platforms (mostly used for asset ownership and supply chain management)

agree. If they’re not already building private blockchain solutions, they will acquire them imo.

Had a good call with one of their due diligence people recently. Definitely seemed like a lot of interest on their side, which is good to see.

Let me translate the corporatespeak:

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

While I’m a fan of Blackrock and their efforts in the space, this reads like something out of 2014. Public blockchains or GTFO. Permissioned excel spreadsheets owned by BLK is not a technological innovation folks