BlackRock CEO: Crypto Business Could Generate $500 Million in Annual Revenue for the Company Within Five Years

SmartContractAuditor

2026-03-25 01:06:54

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Odaily Planet Daily reports that BlackRock CEO Larry Fink stated in the 2026 annual shareholder letter that crypto businesses and other high-growth markets could become a $500 million revenue source for the company within the next five years. BlackRock currently manages nearly 800,000 BTC for clients through its spot Bitcoin ETF, worth approximately $55 billion. Its iShares Bitcoin Trust ETF generates an estimated annual fee income of about $250 million. Additionally, BlackRock’s USD institutional digital liquidity fund Buidl has become the world’s largest tokenized fund, with assets under management surpassing $2 billion.

Fink said in the letter that BlackRock manages nearly $150 billion in digital asset-related assets, including about $65 billion in stablecoin reserves and nearly $80 billion in digital asset exchange-traded products. He stated that tokenization could “upgrade the infrastructure of the financial system” and compared the development of blockchain tokenization to the rapid growth of the internet in the 1990s. Fink also pointed out that if the U.S. underinvests in digitalization and tokenization, other countries will surpass the U.S.

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