BlackRock's Digital Assets AUM Falls 40% to $49B, But Firm Reaffirms $500M Revenue Target by 2030

According to BlackRock's Q2 earnings report, digital assets under management fell to approximately $49 billion, down 40% year-on-year as lower Bitcoin and Ether prices weighed on valuations. Despite the decline, the firm reaffirmed its long-term commitment to digital assets and maintained its target of generating $500 million in annual revenue from crypto-related businesses by 2030.

BlackRock outlined plans to expand tokenised investment products, including Treasury funds, iShares exchange-traded funds and private market investments, while enabling subscriptions and redemptions using stablecoins across multiple blockchains through digital wallets.