BlackRock CEO: Crypto business could bring in $500 million in annual revenue for the company over the next five years.

In his 2026 annual letter to shareholders, BlackRock CEO Larry Fink stated that the crypto business and other high-growth markets could generate $500 million in revenue for the company over the next five years. BlackRock currently manages nearly 800,000 BTC, worth approximately $55 billion, through its spot Bitcoin ETF, and its iShares Bitcoin Trust ETF is estimated to generate approximately $250 million in annual fees. Furthermore, BlackRock's USD institutional digital liquidity fund, Buidl, has become the world's largest tokenized fund, with assets under management exceeding $2 billion. Fink stated in the letter that BlackRock manages nearly $150 billion in related assets in the digital asset space, including approximately $65 billion in stablecoin reserves and nearly $80 billion in digital asset exchange-traded products. He stated that tokenization could "update the infrastructure of the financial system," comparing the development of blockchain tokenization to the rapid development of the internet in the 1990s. Fink also pointed out that if the United States does not invest enough in digitalization and tokenization, other countries will surpass the US.