Is the mega-fund BlackRock interested in getting serious about Bitcoin and cryptos? After initial “timid” investments (of a few million dollars all the same), the latter is now thinking of hiring a crypto specialist to lead a team dedicated to its investment algorithm, “Aladdin”.
A crack team in the crypto field
Last April, a BlackRock report filed with the SEC showed that the giant investment fund had bought its first 185 bitcoins via futures contracts, which had netted it handsome capital gains when they expired.
Today, BlackRock has just posted a job offer that speaks volumes about these intentions, if only by the job title:
“Director, Head of Engineering – Digital Assets and Distributed Ledger / Blockchain Technology. “
The fund, which has $9 trillion in assets under management, is looking for an expert with at least three years of practical experience in the design and development of blockchain solutions.
His/her objective? To develop and lead a team specialized in blockchain technology, to integrate it into its own investment platform, powered by Aladdin, an in-house AI known for its formidable efficiency. His team will also evaluate the various existing blockchain protocols and platforms, and develop the company’s skills in the field of asset tokenization.
As we can see, BlackRock is one of the giants of traditional finance who have perfectly understood the revolutionary shift brought by Bitcoin and its kind, and intends to invest a good part of its resources in this promising sector. It must be said that the return of very high inflation is among the main concerns of the colossus, and crypto-assets and their technologies can be a remedy, or at least a way out.