The firm wants investors to use digital wallets to move efficiently across crypto, stablecoins and long-term stock and bond exposure, even as its digital asset assets under management declined.
BlackRock is pushing a broader digital asset strategy centered on digital wallets, which the firm says could let investors allocate efficiently across crypto, stablecoins and exposure to long-term stocks and bonds. The vision was outlined by BlackRock's CFO even as the firm's digital asset AUM, or assets under management, fell roughly 40% in Q2. The comments suggest BlackRock is framing wallets as a potential distribution layer for moving between tokenized cash-like instruments and traditional investment exposure, linking crypto infrastructure with conventional portfolio construction.