The transfers included a CryptoDickbutts S3 NFT and the Ordinals Pepe (PEPE) coin, which is based on Bitcoin. After onchain investigators discovered one of BlackRock’s purported wallets linked to a fresh tokenization fund. The massive asset management company now possesses at least $40,000 in memecoins and nonfungible tokens (NFTs).
Data shows a $100 million USD Coin (USDC) transaction.
Exactly one day after the company filed to offer its BlackRock USD Institutional Digital Liquidity Fund through a cooperation with San Francisco-based asset tokenization firm Securitize. Someone made a deposit on Ethereum on March 15.
Since March 19, anonymous cryptocurrency users have delivered at least 40 coins and 25 NFTs, ranging from a CryptoDickbutts S3 NFT to the Bitcoin-based Ordinals Pepe (PEPE) coin, to the BlackRock-labeled address.
The $10 trillion asset manager also received exactly 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens, with the latter having the highest values at $11,600 and $13,755, respectively.
Interestingly, after its transfer to BlackRock, the value of the real-world asset tokenization coin RIO has surged by 47%, as reported by CoinGecko.
The Larry Fink-led company also received large amounts of Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), and Shina Inu (SHI).
Asset management received noteworthy NFTs: Chungos and KaijuKingz
According to data, the BlackRock address deposited $200 USDC for the first time on March 5. The company then made a test deposit of $10 on March 15 and then, according to Etherscan, deposited $99,999,960 a few blocks later.
Since 2017, BlackRock’s Fink has modified his views on Bitcoin (BTC) and the blockchain space. Previously, he called Bitcoin a “index of money laundering.”
His opinions have since shifted significantly, and in June 2023 BlackRock submitted an application for a spot Bitcoin exchange-traded fund (ETF). The application was granted, and the fund is currently generating some of the highest volumes in the whole ETF industry.
Now, Fink and BlackRock want to use Ethereum to tokenize financial assets.
In a recent interview with Bloomberg, Fink stated, “We believe the next step going forward will be the tokenization of financial assets. And that means every stock, every bond […] will be on one general ledger.”
“BUIDL” will be the ticker for the BlackRock USD Institutional Digital Liquidity Fund.
It will give qualified investors the chance to subscribe to the Fund through Securitize Markets. LLC and earn yields denominated in US dollars.
