Wall Street heavyweight BlackRock, managing a staggering $12 trillion, just signaled it’s serious about crypto, registering as a crypto asset firm with the UK’s Financial Conduct Authority (FCA) on April 1, 2025.
Landing spot number 51 on the FCA’s list of approved crypto handlers, this move greenlights BlackRock to dive deeper into the digital asset market within the United Kingdom. According to market watchers, this registration isn’t just paperwork; it’s a loud endorsement of cryptocurrency as a legitimate asset class by a financial titan.
With BlackRock’s heft – they manage more wealth than most nations – some analysts speculate this could catapult the UK into a leading position in the crypto space. Despite experiencing outflows in its Bitcoin ETF, BlackRock still holds the crown as the market’s most successful issuer, suggesting mainstream acceptance is inching closer to crypto.
The big question now: Will BlackRock broaden its crypto offerings beyond Bitcoin? For now, the UK is ground zero for their expanding digital currency ambitions.