The largest fund manager in the world, BlackRock, is looking to recruit a vice president to help create and implement policies and “drive demand” for the blockchain and crypto-related services of the firm.
BlackRock, which has investments under the administration of $6.84 trillion, has posted a work opening to assist in the analysis of crypto assets for a New York-based blockchain VP.
A Blockchain VP
The candidate must have at least one year of expertise with blockchain technology’s technical roots, including cryptographic hash functions, distributed network consensus processes, and public-private key cryptography, according to the article.
In the listing, applicants should be able to “devise and articulate fundamental valuation methodologies for crypto-assets; evaluate game theory and decentralize blockchain technology-related governance models.”
Recently, BlackRock CEO Larry Fink made several bullish remarks on Bitcoin, saying that it has “caught the attention” of many individuals and that the emerging asset class of cryptocurrencies may “evolve” into a global market asset.
The job posting is as details:
BlackRock Financial Management, Inc. seeks Vice President, Blockchain Lead in New York, NY to create and implement strategies designed to drive demand for the firm’s offerings and enhance the value proposition to clients of the firm’s investments and technology offerings. Req’s: Master’s degree or equivalent in Economics, Business Administration or a related field of study and 4 years of experience in the job offered or related occupation: conducting financial due diligence on prospective investment opportunities: conducting valuation analysis on companies across multiple sectors and business models; presenting technological insights and strategic considerations to wide audiences including clients, external partners and internal business units; structuring financial transactions using a combination of equity, debt, and derivative securities; conducting commercial, operational and financial risk analysis; and evaluating the impact of industry and market structures on commercial opportunities and competitive dynamics.
BlackRock CEO Larry Fink’s Comments on Bitcoin
Fink said during a talk at the Council on International Affairs with former Bank of England Gov. Mark Carney that bitcoin has drawn Wall Street’s interest, if not his own.
Bitcoin may potentially develop into a global market commodity, Fink went on to claim, giving a rare optimistic comment from the renowned asset manager, which bullish investors could view as a tacit endorsement.
‘Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small market relative to other markets… Can it evolve into a global market? Possibly.”
What is BlackRock?
BlackRock, Inc. is a New York City-based, American international wealth management company. Created in 1988, BlackRock became the world’s largest fund manager with $7.81 trillion in assets under administration as of the end of Q4 2020, originally as risk management and fixed income retail asset manager.
BlackRock operates internationally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer scale and reach of its financial assets and operations, BlackRock operates globally.
BlackRock, along with Vanguard and State Street, is considered one of the Top Three index funds dominating corporate America. BlackRock declared in January 2020 that it will begin thermal coal divestment and take other steps to render its investments more sustainable.