- BlackRock is actively exploring tokenization of traditional assets, including ETFs, to reduce costs and increase efficiency.
- The company manages over $100 billion in crypto assets and is the largest reserve fund manager for stablecoins with over €60 billion in Circle's reserve fund.
- BlackRock envisions a future where investors can access a broad range of assets seamlessly within digital wallets, eliminating the need to leave the digital environment.
- Larry Fink highlighted ongoing conversations with major platforms about digitization and tokenization, emphasizing the strategic importance of this market.
- BlackRock plans to develop its own technology for asset digitization, aiming to lead in the global digital assets ecosystem.
- The firm sees tokenization as a way to lower transaction costs, especially in real estate and other high-fee assets, and to expand access to capital markets.
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- Blackstone reported a new industry record of $1.24 trillion in assets under management (AUM) in Q3 2025, driven by a 26% growth in fee-related earnings.
- Inflows reached $54 billion in the quarter, marking the fourth consecutive quarter exceeding $50 billion and totaling $225 billion over the last 12 months.
- The firm’s fundraising success has significantly contributed to its record AUM, with assets growing organically over four decades.
- Management highlighted the importance of their brand, scale, and breadth of capabilities in maintaining growth momentum.
- The firm’s diversified platform across private equity, credit, real estate, and infrastructure is central to its sustained success.
- Leadership expressed confidence that the firm’s growth prospects are stronger than ever, supported by secular and cyclical tailwinds.
- Earnings per share increased 1% to $11.55, impacted by higher operating income offset by lower non-operating income and increased diluted share count.
- Net inflows for the quarter totaled $205 billion, reflecting 10% annualized organic base fee growth, the highest since 2021.
- Operating income was $2.6 billion, up 23% year over year.
- Operating margin was 44.6%, down 120 basis points year over year due to higher performance fees and related compensation.
- Organic base fee growth was 8% over the last twelve months, the highest in over four years.
- Performance fees increased 33% year over year to $516 million, with $270 million from HPS.
- Technology services and subscription revenue grew 28% year over year, boosted by the Preqin acquisition.
- Third quarter revenue reached $6.5 billion, a 25% increase year over year, driven by acquisitions and organic base fee growth.
- Visa is advancing its product development in AI and stablecoins, with a product drop in April showcasing new capabilities.
- Visa Intelligent Commerce enables consumers to shop with AI agents, with over 30 partners testing in sandbox and plans for live transaction pilots later this year.
- The company sees stablecoins as a solution for emerging markets with volatile fiat currencies and for cross-border money movement, with deployment of stablecoin-linked cards in multiple markets including Africa and Latin America.
- Visa has expanded its stablecoin capabilities by adding euro-backed stablecoin EURC and partnering with Paxos for USDG and PYUSD, supporting multiple blockchains and currencies for settlement.
- State Street announced a $100 million repositioning charge related to its ongoing operating model transformation, primarily aimed at driving expense savings and operational efficiency.
- The company is leveraging AI and platform scaling to unlock further productivity gains, indicating a focus on next-generation technology modernization.
- Management highlighted a significant software and processing revenue growth driven by client renewals and SaaS platform conversions, emphasizing technological innovation as a core strategic pillar.
- The transformation includes a focus on interoperability of their Alpha platform, supporting multi-platform front-office operations and extending development IP to other clients.
- Over $1 billion of expense savings have been generated over the past three years from productivity initiatives, with a target to reach over $1.5 billion by year-end 2025.
- The company views its platform transformation as a key opportunity to add value for clients and shareholders, supporting long-term growth and operational excellence.
- Euronet is actively expanding its services in developing markets such as Morocco, Egypt, and the Philippines, including ATM and banking relationships.
- The company signed a major new partnership with Citigroup to enable near-instant full value payments into digital wallets, reinforcing Dandelion as a leader in real-time cross-border payments.
- A strategic partnership with Fireblocks was announced to integrate blockchain interoperability, supporting stablecoin remittances and real-time settlement.
- The upcoming launch of stablecoin-enabled use cases in early 2026 aims to improve cross-border transfers, treasury operations, and consumer cash-out functionalities.
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