BlackRock Expands Digital Asset Team with Four Senior Positions

According to a report by CoinDesk, BlackRock has added four senior-level job openings to its official website as of March 27. These new roles suggest the ambition of the world’s largest asset management firm to expand its presence in the digital asset space. Among the positions is a Vice President of Legal Counsel, specifically responsible for advising on cryptocurrency ETF issuances.

The newly listed positions include Director of Digital Assets, Director of Regulatory Affairs, Vice President of Digital Asset and ETF Legal Counsel, and Associate of Digital Assets. While BlackRock has not provided detailed descriptions of the responsibilities of these roles, the titles themselves offer insights into the firm’s ambitions. The Director of Digital Assets and Digital Asset Assistant roles suggest BlackRock’s intent to further expand its operations within the cryptocurrency sector. Meanwhile, the need for a Director of Regulatory Affairs indicates a focus on ensuring compliance with evolving regulations. Most notably, the Vice President of Digital Asset and ETF Legal Counsel role signals that BlackRock may be planning to launch additional cryptocurrency ETFs or other products bridging crypto and traditional finance.

This hiring expansion comes at a time when tokenized finance is gaining significant momentum. BlackRock already offers ETFs for Bitcoin (BTC) and Ethereum (ETH), and its BUIDL fund—a tokenized liquidity product—has reached $1.7 billion in assets under management, making it a leader in the market. While the U.S. Securities and Exchange Commission (SEC) has yet to approve any Solana-based ETFs, firms like Fidelity, Bitwise, and Franklin Templeton have registered related trust entities in preparation for future competition in the Solana ETF market. As of now, BlackRock has not disclosed any plans regarding Solana-based ETF products.