BlackRock CFO Martin Small said in a Wednesday earnings call that the company’s long-term goal is to allow investors to stay in their digital wallets and directly allocate to crypto assets, stablecoins, and investment products such as long-term stocks and bonds. Small said BlackRock hopes to further roll out tokenized Treasury bond funds, iShares ETFs, and even private-market products in the future, and views tokenization as an important opportunity to reach new investor groups and build entirely new product distribution channels. In addition, BlackRock currently manages approximately $60 billion in Circle reserve assets, representing about one quarter of the current roughly $300 billion stablecoin market, and wants to become the industry’s preferred stablecoin reserve management institution. (The Block)