BlackRock Enters Memecoins and NFTs Arena: Deposits $100M USDC On-Chain
BlackRock makes a move into the meme coin and NFT space, holding at least $40,000 worth of such assets in a suspected wallet linked to a new tokenization fund. Following the launch of its BlackRock USD Institutional Digital Liquidity Fund, it received a $100 million deposit in USD Coin (USDC) on the Ethereum blockchain. In an interesting development, the worlds largest asset manager BlackRock has emerged as the holder of at least $40,000 worth of meme coins and non-fungible tokens (NFTs) following the discovery of one of its suspected wallets linked to a new tokenization fund. According to data, a deposit of $100 million in USD Coin (USDC) was recorded on the Ethereum blockchain on March 15, just one day after the company filed to launch its BlackRock USD Institutional Digital Liquidity Fund in partnership with San Francisco-based asset tokenization firm Securitize, as reported by Crypto News Flash. Since March 19, various unamed crypto users have transferred at least 40 coins and 25 NFTs to the BlackRock-associated address. These transactions included assets ranging from Bitcoin-based Ordinals Pepe (PEPE) coins to a CryptoDickbutts S3 NFT. Among the tokens sent to BlackRock were 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens, with respective values of $13,755