BlackRock is hiring a blockchain expert for its vice president role that is actually the blockchain lead. The biggest asset manager in the world is poised to expand its presence into the digital assets space as we can read more in today’s blockchain news.
BlackRock is hiring a new blockchain lead for its vice president position according to the new job posting for their New York office. The person hired for the role will be tasked with creating and implementing strategies that are created to increase the demand for the company’s offerings as well as to enhance the value proposition of the company’s investments and technology offerings.
The candidate will have to have at least one year of experience in blockchain business as well as experience in “cryptographic hash functions, distributed network consensus mechanisms, and public-private key cryptography.” The job posting didn’t quite specify any blockchain-related products that are under development in the company but it is possible that the company is positioning itself to meet the growing institutional demand for crypto assets and to evolve in a blockchain expert within the company as well.
As Forbes reported, there’s evidence to suggest that the investors are fleeing the long-term investment product of BlackRock for crypto funds offered by Grayscale and others. This is a part of the broader institutional pivot towards BTC and many other digital assets. After the skepticism at first, the most senior executives at the company commented in favor of BTC and the broader digital asset market. Larry Fink who is the company’s CEO said that BTC caught the attention and imagination of many people like those that work at Black Rock.
Rick Rieder who works as a CIO of fixed income at BlackRock, said that BTC is not only here to say but that it will also take the place of gold to a bigger extent. BlackRock has been indirectly exposed to BTC via MicroStrategy which is the most popular business intelligence company at the moment that purchased BTC three times this year, and now has more than 70,000 BTC holdings.
As reported a while ago, BlackRock is known for managing $6 trillion in assets – and as an organization that pioneered ETFs with an active blockchain working group. On the other hand, Coinbase joins VanEck, Bitwise Asset Management and Gemini in bidding to introduce the first crypto ETF.
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