BlackRock, the world’s largest asset manager plans to launch of its own blockchain

This blockchain would be comparable to Coinbase’s Base Layer-2 network and aims to improve transparency, lower expenses, and make operations more efficient.

Token Terminal has categorized crypto into three primary groups: conventional crypto assets such as Bitcoin (BTC), stablecoins like USDC, and tokenized assets like BUIDL. These considerations emphasize BlackRock’s increasing interest in blockchain technology and its capacity to revolutionize finance.

Token Terminal says that BlackRock may potentially develop its own blockchain, similarly to Coinbase’s Base, in order to consolidate the management of its extensive assets, thereby enhancing efficiency and transparency. This has the potential to greatly transform the traditional finance industry, driving it towards decentralized alternatives.

BlackRock’s potential creation of its own blockchain might signify a significant transformation in the conventional finance sector (TradFi), as it adopts digital assets and decentralized technologies.

This has the potential to enhance BlackRock’s standing from a conventional asset manager to a frontrunner in the digital asset arena, providing clients with more convenient entry to a diverse array of digital investments.