BlackRock Refers to Crypto, DeFi, and Traditional Finance Merger as the “Great Convergence”

BlackRock has described the merging of cryptocurrency, decentralized finance (DeFi), and traditional finance as the “Great Convergence.” According to Cointelegraph, the term is being used at BlackRock to refer to the ongoing integration of these areas of finance, highlighting how crypto and DeFi are increasingly intersecting with established financial systems. The report did not provide additional details on specific products, timelines, or initiatives tied to the phrase. It focused on BlackRock’s characterization of the broader trend, framing the “Great Convergence” as a way to describe the blending of crypto-related technologies and markets with traditional financial infrastructure and practices.