PANews, July 16 — According to The Block, BlackRock CFO Martin Small elaborated on the vision of integrating crypto and traditional finance during the earnings call, stating that the long-term goal is to make BlackRock products natively available where investors hold digital assets. "Investors can efficiently allocate crypto assets, stablecoins, and long-term stocks and bonds without leaving their digital wallets," he said. The company also seeks to eventually offer tokenized Treasury funds, iShares ETFs, and private market products, noting that tokenization and crypto represent "purely organic growth opportunities."
Although the scale of digital asset management fell to $49 billion in the second quarter due to market downturns (a year-on-year decrease of about 40%), BlackRock reaffirmed the 2030 revenue target for crypto-related business at $500 million. The company’s stock rose more than 7% in early trading following the earnings release. BlackRock manages the world's largest spot Bitcoin ETF with approximately $60 billion in AUM.