Instead of trading cryptocurrencies, BlackRock is studying blockchain and crypto assets. For instance, BlackRock is exploring crypto assets by hiring former Ripple (XRP) product manager Robbie Mitchnick for its “Digital Wealth Team,” Forbes staff writer Jeff Kauflin claims. To clarify, the Digital Wealth Team is a working group that is studying blockchain, cryptocurrencies, crypto assets, and other emerging investment classes. Importantly, Fink does not reveal how BlackRock intends to use blockchain or what crypto assets BlackRock could invest in.
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