Martin Small: BlackRock's long-term goal is to integrate encrypted assets with traditional financial products within digital wallets

According to The Block, BlackRock CFO Martin Small said on the financial report conference call that the company's long-term goal is to enable investors to allocate crypto assets, stable currencies, stocks and bonds in the digital wallet, and to seek to provide token treasury bond bond funds, iShares ETFs and private market products. BlackRock's digital asset management scale decreased to $49 billion in the second quarter, but reiterated its 2030 target for cryptocurrency related business revenue of $500 million. The company's stock price rose by over 7% in early trading after the release of the financial report.