PANews|Jul 16, 2026 00:17
[BlackRock CFO: The Company's Long-Term Goal is to Offer Crypto Assets and Various Traditional Assets Within Digital Wallets]
According to The Block, BlackRock CFO Martin Small outlined the vision of integrating crypto with traditional finance during an earnings call, stating that the long-term goal is to make BlackRock products natively available where investors hold digital assets. 'Investors can efficiently allocate crypto assets, stablecoins, as well as long-term stocks and bonds without leaving their digital wallets.' The company is also seeking to eventually offer tokenized treasury funds, iShares ETFs, and private market products, describing tokenization and crypto as 'purely organic growth opportunities.'
Although the digital assets under management fell to $49 billion in the second quarter due to market downturns (a year-over-year decline of approximately 40%), BlackRock reaffirmed its 2030 revenue target of $500 million for crypto-related businesses. The company's stock price rose more than 7% in early trading following the earnings release.
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