Deepening its commitments to web3, BlackRock has diversified its portfolio with the strategic acquisition of memecoins, NFTs and crypto tokens, collectively valued at $40,000.
It was all made possible thanks to the financial giant's partnership with Securitize Markets, a regulatory-compliant digital platform, which enabled a $100 million investment in ethereum's USDC stablecoin, which is pegged to the US dollar.
Leveraging USDC, BlackRock's eclectic collection of digital assets now includes Ordinals Pepe, CryptoDickbutts nft, unshETHing_Token, Mog Coin, and Realio Network's $RIO.
Highlighting the impact of these acquisitions, CoinGecko reports a notable 64.5% increase in $RIO daily volume after joining BlackRock's rich portfolio.
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