BlackRock wants to run the money behind stablecoins. The world’s largest asset manager has launched two tokenised money market funds built to serve as reserves for stablecoin issuers, deepening its push into blockchain-based finance. The funds are its latest step in tokenisation, the business of putting traditional assets such as Treasury bills onto a blockchain. […]<br /> This story continues at The Next Web [...]
Meta has folded its half-built El Paso data centre into a joint venture with BlackRock, formalising a structure that keeps most of a $14bn project off its own books. Under the agreement, funds managed [...]
BlackRock, the world’s largest asset manager, has launched its first Bitcoin product in Europe, a move that industry experts say will help legitimise cryptocurrencies in mainstream finance. “Thi [...]
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all [...]
In an embarrassing error, PayPal blockchain partner Paxos accidentally minted 300 trillion of the PYUSD token today. PayPal's stablecoin, which it debuted in 2023, is supposed to be redeemable at [...]
BlackRock submitted an order to buy at least $5 billion in SpaceX shares ahead of Friday’s debut, the Wall Street Journal reported. That single order is nearly as large as the entire $5.5 billion Ce [...]
Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Beha [...]
On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. [...]