BlackRock’s CEO Says Crypto Will Grow ‘Rapidly’ — Here’s How
BlackRock Inc. (NYSE:BLK) reported strong third-quarter results on Tuesday, with CEO Larry Fink saying the cryptocurrency market will grow “rapidly” as the firm builds proprietary tokenization technology to move traditional assets on-chain.
Strong Quarter With Record ETF Inflows
BlackRock reported diluted EPS of $8.43, or $11.55 on an adjusted basis, with assets under management climbing to $13.5 trillion, up 17% year-over-year.
Net inflows reached $205 billion, supported by record demand for iShares ETFs, private market products, and digital asset exposure.
Revenue increased 25% to $6.5 billion, while GAAP earnings declined 23% due to acquisition-related costs.
The company cited broad-based growth across ETF, active management, and alternatives platforms, along with rising technology service income from its Aladdin platform and the integration of Preqin and Global Infrastructure Partners.
Fink Highlights Digital Asset Expansion
In his remarks, CEO Larry Fink emphasized the company’s growing focus on blockchain and tokenization.
“I do believe …
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