BlackRock Bets $40K on Memecoins, NFTs After $100M USDC Stake

Deepening its web3 engagements, BlackRock has diversified its portfolio with the strategic acquisition of memecoins, NFTs, and crypto tokens, collectively valued at $40,000.

All was made possible through the finance giant’s partnership with Securitize Markets — a digital, regulation-compliant platform — enabling a $100 million investment in Ethereum’s USDC stablecoin, which is pegged to the U.S. dollar.

Making use of the USDC, BlackRock’s eclectic digital asset collection now includes Ordinals Pepe, CryptoDickbutts NFTs, unshETHing_Token, Mog Coin, and Realio Network’s $RIO.

Highlighting the impact of these acquisitions, CoinGecko reports a remarkable 64.5% increase in the daily volume of $RIO after joining BlackRock’s rich portfolio.

blackrock memecoins nfts
Source: CoinGecko

BlackRock’s Blockchain Blueprint

BlackRock’s web3 arena signifies a pivotal shift in CEO Larry Fink’s stance from skepticism to advocacy for blockchain tokenization to revolutionize financial efficiency and access.

Highlighting its commitment to blockchain-based endeavors, BlackRock’s Bitcoin ETF emerges as the leader in volume and net inflows among January’s new ETFs. Just last week, it set a new trading record with 100 million shares.

Additionally, the banking giant’s innovative strategy includes the ‘BlackRock USD Institutional Digital Liquidity Fund’ (BUIDL) launched today, granting investors advantages like blockchain offerings, clear settlement processes, and cross-platform transfers.

The Blackrock memecoins, NFTs, and crypto tokens further highlight the banking titan’s acknowledgment of blockchain’s role in modern finance.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post BlackRock Bets $40K on Memecoins, NFTs After $100M USDC Stake appeared first on NFT Plazas.