{"id":13839,"date":"2024-06-14T10:03:14","date_gmt":"2024-06-14T10:03:14","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=13839"},"modified":"2024-06-14T10:03:14","modified_gmt":"2024-06-14T10:03:14","slug":"blackrock-cio-embraces-ethereum-over-permissioned-blockchains","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/blackrock-cio-embraces-ethereum-over-permissioned-blockchains\/","title":{"rendered":"BlackRock CIO Embraces Ethereum over Permissioned Blockchains"},"content":{"rendered":"\n<p>BlackRock, the largest asset manager globally, shifts its focus to public blockchain networks like Ethereum, discarding permissioned alternatives. This revelation was made during the \u201cBeyond Bitcoin ETFs \u2013 What\u2019s Next on the Institutional Roadmap?\u201d panel at Coinbase\u2019s State of Crypto Summit 2024.<\/p>\n<h2>BlackRock\u2019s Endorsement of Ethereum<\/h2>\n<p>BlackRock\u2019s Chief Investment Officer of ETF and Index Investments, Samara Cohen, emphasizes the superiority of public blockchains such as Ethereum over private permissioned ones, stating a shift in opinion from previous years. This switch aligns with the industry\u2019s growing preference for open-source platforms to maintain market efficiency and liquidity.<\/p>\n<p>The move echoes BlackRock\u2019s recent Ethereum tokenization project launched in March in partnership with Securitize. This initiative involved tokenizing the \u201cInstitutional Digital Liquidity\u201d fund on the Ethereum blockchain, injecting $100 million of liquidity denominated in USD Coin (USDC) into the platform.<\/p>\n<p>Hunter Horsley, CEO of Bitwise, affirms BlackRock\u2019s transition to public blockchains, concluding the long-standing discussion between permissioned and permissionless blockchains, favoring the latter as the clear choice.<\/p>\n<p>Renowned investor Anthony Sassano lauds BlackRock\u2019s endorsement of public blockchains, particularly Ethereum, as a significant milestone for the industry.<\/p>\n<p>Insights from financial leaders like Sandy Kaul of Franklin Templeton and Alesia Haas, CFO of Coinbase, emphasize the growing integration of cryptocurrencies and traditional finance sectors in 2024 through avenues like ETFs and asset tokenization.<\/p>\n<p>Overall, the trend of incorporating blockchain technology into mainstream finance through transparent and accessible platforms like Ethereum signifies a pivotal shift. The acknowledgment of Ethereum\u2019s advantages over permissioned blockchains by institutions like BlackRock signals a notable progression in the industry.<\/p>\n<p>Current ETH price stands at $3,522.<\/p>\n<p><\/p>\n<p>Image created with DALL\u00b7E, chart from TradingView.com<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock, the largest asset manager globally, shifts its focus to public blockchain networks like Ethereum, discarding permissioned alternatives. This revelation was made during the \u201cBeyond Bitcoin ETFs \u2013 What\u2019s Next on the Institutional Roadmap?\u201d panel at Coinbase\u2019s State of Crypto Summit 2024. BlackRock\u2019s Endorsement of Ethereum BlackRock\u2019s Chief Investment Officer of ETF and Index Investments, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"BlackRock CIO Embraces Ethereum over Permissioned Blockchains - Bitrabo","description":"BlackRock, the largest asset manager globally, shifts its focus to public blockchain networks like Ethereum, discarding permissioned alternatives. This revelati"},"footnotes":""},"categories":[316],"tags":[1920,1218,3799,1741,768,4906,4907,1685],"class_list":["post-13839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-blackrock","tag-blockchains","tag-cio","tag-declares","tag-ethereum","tag-permissioned","tag-permissioned-blockchains","tag-wins"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=13839"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/13840"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=13839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=13839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=13839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}