By adding this amount, the total value of those assets is now approximately $2.5 billion, whereas the value was $1.8 billion when the year began. Because this growth continued at a constant rate through the first quarter and into April, it is likely that large institutions are depositing funds for long periods instead of prices changing rapidly.
In the current market, the majority of this expansion is in products that use the United States dollar as their base currency - those products are more common than any other type of tokenized asset, while the other parts of the market do not change often.
To explain this change, it is part of a general process where companies that manage assets use blockchain technology to provide traditional financial services
Read more: Larry Fink Net Worth: How Blackrocks CEO built a 1 billion fortune
BlackRock RWA Growth Accelerates with $700M Inflows Since January
By adding this amount, the total value of those assets is now approximately $2.5 billion, whereas the value was $1.8 billion when the year began. Because this growth continued at a constant rate through the first quarter and into April, it is likely that large institutions are depositing funds for long periods instead of prices changing rapidly.
In the current market, the majority of this expansion is in products that use the United States dollar as their base currency - those products are more common than any other type of tokenized asset, while the other parts of the market do not change often.
To explain this change, it is part of a general process where companies that manage assets use blockchain technology to provide traditional financial services
Read more: Larry Fink Net Worth: How Blackrocks CEO built a 1 billion fortune