BlackRock has partnered with Jio Financial Services in India to launch a new platform offering investment services, with each party committing $150 million. BlackRock aims to capitalize on the growing popularity of digital assets in India, an area where few other asset managers have ambitions as high as BlackRock.
The joint venture is part of BlackRock's plan for sweeping global growth, which includes recent high-level appointments in China and Singapore. However, BlackRock's commitment to responsible investing has been called into question due to the recent addition of Saudi oil executive Amin Nasser to its board of directors, which may complicate efforts to market its spot Bitcoin ETF.
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