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Asset managment giant BlackRock is now the owner of at least $40,000 in memecoins and nonfungible tokens (NFTs), after onchain sleuths sniffed out one of its supposed wallets&nbsp;connected to a new tokenization fund.&nbsp;
Data <a href="https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f" target="_blank" rel="noopener noreferrer nofollow">shows</a>&nbsp;a $100 million USD Coin <a href="https://cointelegraph.com/usdc-price-index" rel="noopener noreferrer nofollow">(USDC)</a>&nbsp;deposit was made on Ethereum on March 15 — exactly one day after the firm made a filing to offer its <a href="https://cointelegraph.com/news/blackrock-begins-asset-tokenization-launch-digital-liquidity-fund" rel="noopener noreferrer nofollow">BlackRock USD Institutional Digital Liquidity Fund</a> via a partnership with San Francisco-based asset tokenization firm Securitize.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-03/55552e30-cad7-4873-bfd4-f23b8c5ec906.png">
 <figcaption style="text-align: center;">USDC deposits toBlackRock’s digital asset fund. Source: <a href="https://etherscan.io/tokentxns?a=0x13e003a57432062e4eda204f687be80139ad622f&amp;ps=100&amp;p=1" target="_blank" rel="noopener noreferrer nofollow">Etherscan</a>
 </figcaption>
</figure>
Unnamed crypto users have sent at least 40 coins and 25 NFTs to the BlackRock-labeladdress since March 19, ranging from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
Exactly 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens were also transferred to the $10 trillion asset manager, which boasted the largest values at $13,755 and $11,600 respectively.
Interestingly, the RIO token is a real-world asset tokenization coin which has pumped 47% since the token was transferred to BlackRock, <a href="https://www.coingecko.com/en/coins/realio-network" target="_blank" rel="noopener noreferrer nofollow">according</a> to CoinGecko.
The Larry Fink-led firm also received large quantities of Mog Coin (Mog) VoldemortTrumpRobotnik-10Neko (ETHEREUM) and Shina Inu (SHI).
<figure><img src="https://s3.cointelegraph.com/uploads/2024-03/25b24dcf-b6f2-4815-9fd1-20939477f0c9.png">
 <figcaption style="text-align: center;">Source: @martypartymusic on <a href="https://x.com/martypartymusic/status/1770562010629218428" target="_blank" rel="noopener noreferrer nofollow">X</a>
 </figcaption>
</figure>
Chungos and KaijuKingz were among the most notable NFTs sent through to the asset manager.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-03/bb51fdfc-3e63-49c1-831d-6853414ef863.png">
 <figcaption style="text-align: center;">Chungos #972 NFT sent to BlackRock. Source: Etherscan
 </figcaption>
</figure>
Data shows the BlackRock address first made a $200 USDC deposit on March 5. The firm then made another $10 test deposit on March 15 before depositing $99,999,960 a few blocks later, according to Etherscan.
Related: <a href="https://cointelegraph.com/news/jp-morgan-debuts-tokenization-platform-tcn-blackrock-key-client-report" rel="noopener noreferrer nofollow">JPMorgan debuts tokenization platform, BlackRock among key clients: Report</a>
BlackRock’s Fink has changed his stance on Bitcoin <a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">(BTC)</a> and the blockchain industry since 2017, where <a href="https://cointelegraph.com/news/blackrock-ceo-larry-fink-bitcoin-for-money-launderers-only" rel="noopener noreferrer nofollow">he previously referred to Bitcoin</a> as an “index of money laundering.”
His views changed considerably since and BlackRock filed for a spot Bitcoin exchange-traded fund (ETF) in June 2023, which has <a href="https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals" rel="noopener noreferrer nofollow">since been approved</a> and is capturing some of the <a href="https://cointelegraph.com/news/blackrock-bitcoin-now-fifth-largest-etf-flows-this-year" rel="noopener noreferrer nofollow">largest volumes in the entire ETF market.</a>
Fink and BlackRock are now looking to tokenize financial assets on Ethereum.
“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,” Fink said in a recent Bloomberg interview.
The BlackRock USD Institutional Digital Liquidity Fund will be tickered “BUIDL.”
It will provide eligible investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.
Magazine:<a href="https://cointelegraph.com/magazine/block-by-block-blockchain-technology-transforming-real-estate-market/" rel="noopener noreferrer nofollow"> Block by block: Blockchain technology is transforming the real estate market</a>

BlackRock receives memecoins, NFTs after depositing $100M USDC onchain

Cointelegraph

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