Blackrock Seeks New Vice President of Blockchain

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Last Updated on 25 December 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Blackrock is looking to hire a Vice President. That in itself might not be that much news, but when the world’s largest asset management company, which currently manages a whopping wait for it… 7.3 trillion in assets for its customer, intends to recruit someone to look for worthy blockchain projects that deserve some extra cash, then you know the institutional money has really arrived.

Blackrock is of course known as:

The most influential financial institution in the world” and has been named by the Economist as the “world’s biggest asset manager.

Advertentie.

Articulating

The job posting that they published makes it clear that the company wants someone business minded who can seek out investible blockchain projects whilst explaining these to the clients who would like to entrust their money into these ventures. In other words, they aim to introduce the world of crypto to the world of old money.

In Blackrock human resources speak this becomes:

Articulating the technological foundations of blockchain technology  including cryptographic hash functions, distributed network consensus mechanisms, and public-private key cryptography.

Earlier this month Spotify posted a similar ad, calling it an Associate Director, Payments Strategy & Innovation.

Institutional investment

As said, the crypto rally of this year really took off at the moment that Square and PayPal announced they would be investing directly into the world of crypto. Ever since then, many other institutions have followed their example. Latest to join the party is Mass Mutual, who bought $100 million in Bitcoin earlier this month.

They followed another household name in corporate American finance, Fidelity Investments, which announced over the summer already to start with a Bitcoin investment fund.

With all that money flowing into the world of crypto, the possible political influence also rises. Notice a commenter’s point here who states:

When the likes of Mass Mutual, Square, and Guggenheim now have stakes, the political influence will undoubtedly make it light touch regulations. “Hello senator this is Fund X, stop fucking with crypto. Oh btw here is some campaign money”.