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...BlackRock, which has a market capitalisation of nearly $120bn, already manages a wide range of assets including roughly $130bn in long-term alternative funds and about the same in hedge funds, commodities and currencies...
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...They are usually pegged to sovereign currencies and the majority of trading in crypto markets is done with stablecoins....
Regulator’s request to judge reflects argument that many digital assets qualify as securities
Cryptocurrency down 16% from its peak as net fund flows turn negative
...“We’re not digital currency experts.”...
...Chandan said tariffs would be likely to hurt the economic growth of US trading partners, weakening their currencies against the greenback....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
Ten funds holding the cryptocurrency hit stock exchanges after winning SEC approval
Activity in futures contracts linked to cryptocurrency surges to record levels in January
Grayscale has outflows of more than $1.1bn as investors turn to BlackRock and Fidelity for new crypto products
Funds could start trading as soon as Thursday after months of anticipation and pushback
...Each time an action happens, the transfer agent updates the records,” according to Sandy Kaul, the money manager’s head of digital asset and investor advisory services....
...“Stating that it’s not as bad as you think, and that it’s only in the single digits when you account for currency — investors just are not believing that right now.”...
...The regional lender also appointed Joseph Otting, a former Comptroller of the Currency in the Donald Trump administration, as its new chief executive....
...Chang’s and business technology provider Computer Services Inc....
...If they’re throwing in the towel, imagine how difficult it will be for lesser players trying to set up custody services of their own.”...
...Analysts cite various explanations, from the new models’ capability to connect directly to Starlink satellites to the squeeze on foreign currency reserves already strained by the sanctions....
...But the majority of its $275bn in alternative assets are in hedge funds, currencies and commodities....
...Also very likely related: Here is a bill to regulate stablecoins, which exited a US House Financial Services committee last month....
...The San Jose-based company said on Monday it had launched a dollar-denominated stablecoin called PayPal USD, marking a further expansion into its services for digital currencies....
...Democratic congresswoman Maxine Waters, who serves on the House financial services committee, wasn’t best pleased since there are still no federal rules on stablecoins....
...But who am I to disagree with BlackRock chief executive Larry Fink’s view — recently acquired — that bitcoin is an “international asset” for investors to “play” as an alternative to gold or currencies such...
...FTX founder Sam Bankman-Fried is adjusting to life behind bars in a Brooklyn jail as he awaits sentencing, sharing crypto tips with guards and trading bagged fish as currency, The Wall Street Journal reports...
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