BlackRock is seeking to expand its digital asset team in response to the growing popularity of the industry among Wall Street firms.
Since the election of U.S. President Donald Trump, major players in finance have been taking steps to increase their involvement in cryptocurrency. While BlackRock has been a pioneer in this space, particularly among traditional financial institutions, the asset manager appears to have further plans.
On Wednesday, BlackRock posted four new positions for its digital asset team on its website, including Director of Digital Assets, Director of Regulatory Affairs, Vice President for Digital Asset and ETF Legal Counsel, and Associate for Digital Asset.
According to the job postings, three of the roles are based in New York and one in Atlanta. The descriptions are fairly general and do not reveal specific details about BlackRock’s future initiatives in the digital asset space.
For the legal counsel position, the company is seeking someone to assist with potential crypto exchange-traded fund (ETF) launches. While BlackRock has already launched two spot ETF products – the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHE) – other issuers are looking to launch funds for various other cryptocurrencies such as Solana (SOL), XRP, and Litecoin (LTC). However, BlackRock has not disclosed any plans to follow suit.
BlackRock is also heavily involved in tokenization and has emerged as a prominent player in this sector. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), the firm’s tokenized money market fund introduced in 2023, has attracted $1.7 billion in investments, making it the largest tokenized fund currently on the market.
