BlackRock Financial Management Inc., the $7.eight trillion nugget manager, appears poised to expand its presence in blockchain and digital avails.

Co-ordinate to a new job posting, the company is recruiting for the position of vice president, blockchain lead for its New York role. The person hired for this role volition be tasked with creating and implementing "strategies designed to drive demand for the firm's offerings," as well equally "heighten the value proposition [...] of the house's investments and engineering offerings."

The candidate must have at to the lowest degree one year of experience in blockchain business, including "cryptographic hash functions, distributed network consensus mechanisms, and public-individual key cryptography."

Although the job mail service doesn't specify whatsoever blockchain-related products under evolution at the firm, it's possible that BlackRock is positioning itself to meet growing institutional demand for digital avails.

Equally Forbes reported earlier this year, there'south some evidence to suggest that investors are fleeing BlackRock'southward long-term investment products for crypto funds offered by Grayscale and others. This is office of a broader institutional pivot towards Bitcoin and other digital assets currently underway.

After their initial skepticism, BlackRock'southward most senior executives have commented favorably on Bitcoin and the wider digital asset market place. Larry Fink, the company's CEO, says Bitcoin has "defenseless the attention and the imagination of many people," including those who work at BlackRock.

Rick Rieder, BlackRock's CIO of fixed income, says Bitcoin is not just here to stay, just that it will "take the identify of aureate to a large extent."

BlackRock has indirect exposure to Bitcoin via MicroStrategy, the business organization intelligence firm that now holds 70,470 BTC following a series of purchases this twelvemonth.