BlackRock, the world’s largest asset manager overseeing approximately $10 trillion in assets, has officially registered as a crypto asset firm in the United Kingdom. The Financial Conduct Authority (FCA) has added BlackRock to its list of registered crypto asset firms, a roster that includes notable entities such as Coinbase, PayPal, and Revolut.
The FCA’s registration process is stringent, emphasizing the necessity for comprehensive and high-quality submissions. The regulatory body has previously rejected applications lacking essential components or those of subpar quality.
Recently, BlackRock introduced its iShares Bitcoin ETP on the Euronext stock exchanges in Paris and Amsterdam. The launch featured a fee waiver of 10 basis points, effectively reducing the expense ratio to 0.15% until the end of the year.
Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, highlighted the significance of this development, noting the convergence of established retail investor demand with increasing professional interest.
As of now, neither BlackRock nor the FCA have issued official comments regarding BlackRock’s specific registration as a crypto asset firm in the UK.
However, BlackRock International is listed on the FCA’s official registration website under reference number 178638.
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