BlackRock CFO Sets $500M 2030 Crypto Revenue Target, Plans Native Wallet Integration

According to The Block, BlackRock CFO Martin Small outlined on July 16 a long-term vision to make the company's products natively available within digital wallets, allowing investors to access crypto assets, stablecoins, and traditional stocks and bonds without leaving their wallet. BlackRock plans to eventually offer tokenized Treasury funds, iShares ETFs, and private market products, describing tokenization and crypto as "pure organic growth opportunities."

Despite Q2 digital asset management falling to $49 billion amid market weakness—a roughly 40% year-over-year decline—BlackRock reiterated its 2030 revenue target of $500 million for crypto-related business. The stock rose more than 7% following the earnings report. BlackRock manages the world's largest spot Bitcoin ETF with approximately $60 billion in assets under management.