Trillion-dollar asset management firm BlackRock is currently looking for a vice president to help the company assess the fundamental value of crypto assets.
BlackRock Financial Management, the world’s largest asset manager with $7.8 trillion worth of assets under management, says in a new job listing that the successful candidate will function as the company’s blockchain lead in New York.
The candidate must also have at least one year of experience in the various technical areas of blockchain technology including consensus mechanisms, cryptographic hash functions, dimensions of blockchain performance, as well as private and public key cryptography. As for appraising the value of crypto assets, BlackRock requires the applicant to have a year of experience in game theory and fundamental valuation strategies for digital assets.
In addition, the aspiring BlackRock Financial Management VP should have four years of exposure in the following areas.
“Conducting financial due diligence on prospective investment opportunities; conducting valuation analysis on companies across multiple sectors and business models; presenting technological insights and strategic considerations to wide audiences including clients, external partners and internal business units; structuring financial transactions using a combination of equity, debt, and derivative securities; conducting commercial, operational and financial risk analysis; and evaluating the impact of industry and market structures on commercial opportunities and competitive dynamics.”
The new job post comes after BlackRock CEO Larry Fink said that although Bitcoin is still a relatively small asset, it is well on its way to becoming a global asset.
“Bitcoin has caught the attention and the imagination of many people. Many people are fascinated by it. Many are excited about it. But it’s still untested, it’s still a pretty small market relative to other markets. We see these big, giant movements every day… it’s a thin market.
So, can it evolve into a global market? Possibly. Certainly by evidence of the imaginations of so many who want to learn about it or are interested in it, to me, is a very telling sign.”
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