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BlackRock, Inc. (NYSE: BLK) is a leading American multinational investment management corporation based in New York City. Established in 1988, BlackRock initially focused on enterprise risk management and fixed income institutional asset management. Today, it stands as the world’s largest asset manager, boasting an impressive $10.473 trillion in assets under management (AUM) as of March 2024.
BlackRock's product portfolio is diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternative investments. The company’s passive strategies constitute around two-thirds of its long-term AUM, with its ETF platform holding a leading share in both domestic and global markets.
The firm primarily serves institutional clients, which account for approximately 80% of its AUM. Geographically, BlackRock is well-diversified, catering to clients in more than 100 countries, with over one-third of its managed assets coming from outside the United States and Canada.
One of BlackRock’s notable recent achievements includes leading a $47 million funding round for Securitize, a pioneer in tokenizing real-world assets using blockchain technology. This strategic investment underscores BlackRock’s commitment to driving innovation in digitizing capital markets. BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has joined Securitize's Board of Directors, further solidifying this partnership.
Additionally, BlackRock has launched its first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund allows investors to earn yield by holding tokens on the blockchain, with investments in cash, U.S. Treasury bills, and repurchase agreements. Investors can transfer their tokens at any time to other pre-approved investors, promoting liquidity and flexibility.
BlackRock continues to enhance its digital assets strategy and remains committed to meeting future client needs through innovative solutions. As the company ventures further into blockchain technology and tokenization, it aims to stay at the forefront of transforming the financial landscape.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q1 2023, showcasing its commitment to enhancing financial well-being for investors. The earnings release is accessible on BlackRock's investor relations page. A teleconference for investors will occur on April 14, 2023, at 7:30 a.m. ET, featuring executives including CEO Laurence D. Fink. The call can be accessed at (877) 502-9276 in the U.S. or (313) 209-4906 internationally. A replay will be available by 10:30 a.m. ET the same day. BlackRock positions itself as a fiduciary to investors and a leader in financial technology, aiming to facilitate easier and more affordable investing.
BlackRock, Inc. (NYSE: BLK) is set to announce its first quarter 2023 earnings on April 14, 2023, prior to the opening of the New York Stock Exchange. A teleconference for investors and analysts will be hosted by key executives, including CEO Laurence D. Fink and CFO Martin S. Small, at 7:30 a.m. ET. The earnings release and accompanying materials will be accessible via BlackRock's investor relations website. Interested participants can join the teleconference by calling provided numbers. A replay of the webcast will be available by 10:30 a.m. ET on the same day.
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