Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BlackRock Inc. (NYSE:BLK) reported strong third-quarter results on Tuesday, with CEO Larry Fink saying the cryptocurrency market will grow "rapidly" as the firm builds proprietary tokenization technology to move traditional assets on-chain. Strong Quarter With Record ETF Inflows BlackRock reported diluted EPS of $8.43, or $11.55 on an adjusted basis, with assets under management climbing to $13.5 trillion, ...

BlackRock (BLK), the asset management giant overseeing more than $13 trillion of assets, is ramping up efforts to bring traditional finance (TradiFi) onchain, seeking a bigger role in tokenization as a way to unlock access to markets and streamline how assets are traded. Teams across the firm are exploring how to use tokenization to make markets more efficient and accessible, with leadership hinting at bigger moves ahead, CEO Larry Fink said during an earnings call following its earnings release Tuesday. ...