Larry Fink, CEO of investment management company BlackRock, recently expressed concern that the United States is falling behind in the innovation of cryptocurrencies compared to other countries.

The back to back collapse of crypto friendly lenders Silicon Valley Bank (SVB) and Signature bank re-ignited the recession risks. However, the rescue deal of Credit Suisse made sure that the downturn might be near. However, BlackRock executive assured that the Recession might be postponed but not canceled yet.

The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s strategists.

BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.

In an annual letter to investors published on March 17, 2023, Larry Fink, the chairman and CEO of BlackRock, highlighted the potential of tokenization of asset classes that could drive efficiencies in capital markets, shorten value chains, and improve cost and access for investors.

Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access.

BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance.

BlackRock Inc. Chief Executive Officer Larry Fink said the banking crisis could worsen beyond the failure of Silicon Valley Bank, worrying aloud about cracks in the financial system that formed during more than a decade of easy money and low interest rates.

Bosch and Fetch.ai have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology.

BlackRock becomes the latest ETF issuer in the United States to launch a thematic equity fund aimed at companies around the world that are shaping the evolution of the metaverse. The expense ratio of the NYSE Arca-listed iShares Future Metaverse Tech and Communications ETF (IVRS US) is 0.47%.