BlackRock, a major asset management firm, has recently possessed $40,000-worth memecoins and non-fungible tokens (NFTs), collectively. This acquisition followed the detection of a wallet linked to a new tokenization fund associated with BlackRock.
On March 15, data revealed a deposit of $100 million in USD Coin (USDC) on the Ethereum blockchain, coinciding with BlackRock’s filing to introduce its BlackRock USD Institutional Digital Liquidity Fund in collaboration with Securitize, a San Francisco-based asset tokenization company.
Since March 19, unidentified cryptocurrency users have transferred approximately 40 coins and 25 NFTs to the address affiliated with BlackRock. These assets include a variety of tokens such as Ordinals Pepe (PEPE) and theCryptoDickbutts S3 NFT.
A total of 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens were sent to the $10 trillion asset manager. Among these tokens, USH held the highest value, amounting to $13,755, while RIO tokens were valued at $11,600 each.
Interestingly, the RIO token, which represents real-world asset tokenization, has experienced a significant increase of 47% since being transferred to BlackRock, as reported by CoinGecko.
Furthermore, BlackRock also received substantial quantities of Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), and Shina Inu (SHI) tokens.
Look at the shitcoins that have been sent to @BlackRock ‘s 100m $USDC @ethereum wallet 🤣https://t.co/USePJM6Cus pic.twitter.com/2xz6MJvETy
— MartyParty (@martypartymusic) March 20, 2024
Notable NFTs like Chungos and KaijuKingz were also sent to BlackRock
The BlackRock address initially made a $200 USDC deposit on March 5, followed by a $10 test deposit on March 15, before the substantial $99,999,960 deposit occurred shortly after.
BlackRock’s CEO, Larry Fink, has notably shifted his stance on Bitcoin and the blockchain industry. Previously critical, he now embraces the potential of these technologies, evident in BlackRock’s filing for a Bitcoin exchange-traded fund (ETF) in June 2023, which has since been approved.
Looking ahead, BlackRock aims to tokenize financial assets on Ethereum, with Fink expressing belief in the future tokenization of all financial instruments. The BlackRock USD Institutional Digital Liquidity Fund, dubbed “BUIDL,” will enable eligible investors to earn U.S. dollar yields by subscribing through Securitize Markets, LLC.