BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.
Click to see more
BlackRock Inc. Details
Operating Status:Active
Business TypePublic
HeadquartersNew York City, New York, United States
According to Circle, the assets will be kept at the Bank of New York Mellon, where the fund will be governed under the Investment Company Act of 1940, which calls for an independent board and daily portfolio reporting.
The Arch startup is aiming to become the BlackRock of Web 3 by ensuring that the transition of capital from Web2 to Web3 will be seamless even for newcomers.
