BlackRock, a major asset management company, has recently acquired at least $40,000 worth of memecoins and nonfungible tokens (NFTs), according to online investigators who discovered one of their wallets connected to a new tokenization fund. On March 15, the firm deposited $100 million worth of USD Coin (USDC) on Ethereum, just one day after announcing its partnership with San Francisco-based asset tokenization firm Securitize to launch the BlackRock USD Institutional Digital Liquidity Fund. Since March 19, various unnamed crypto users have sent 40 coins and 25 NFTs to the BlackRock wallet, including Bitcoin-based Ordinals Pepe (PEPE) coins and a CryptoDickbutts S3 NFT. Additionally, 500,000 unshETHing_Token (USH) and 10,000 Realio Network (RIO) tokens were transferred to BlackRock, with RIO experiencing a 47% price increase after the transfer. Other tokens received by BlackRock include Mog Coin (Mog), VoldemortTrumpRobotnik-10Neko (ETHEREUM), Shina Inu (SHI), Chungos, and KaijuKingz. The BlackRock wallet initially made a $200 USDC deposit on March 5, followed by a $10 test deposit on March 15, and finally a $99,999,960 deposit a few blocks later. It is worth noting that BlackRock’s CEO, Larry Fink, has changed his view on Bitcoin and the blockchain industry since 2017, when he referred to Bitcoin as an “index of money laundering.” BlackRock has since filed for a spot Bitcoin exchange-traded fund (ETF) and is now pursuing the tokenization of financial assets on Ethereum. The BlackRock USD Institutional Digital Liquidity Fund, tickered as “BUIDL,” will allow eligible investors to earn U.S. dollar yields by subscribing through Securitize Markets, LLC.
BlackRock acquires memecoins and NFTs following $100M USDC deposit onchain