Blackrock became the world's first $15 trillion asset manager after record second-quarter earnings, and Larry Fink used the results to detail two SEC filings for tokenized money market funds. The firm now holds roughly $110 billion in assets tied to digital assets.
Blackrock reported record second-quarter results on Wednesday, with revenue climbing 31% year over year to $7.1 billion. Chairman and chief executive Larry Fink used the print to lay out fresh steps toward tokenizing money market funds and expanding the company's digital asset business.
The New York-based manager posted adjusted earnings per share of $13.91, up 15% from a year ago, alongside adjusted operating income of $2.9 billion. Its assets under management reached $15.3 trillion, driven by $868 billion in net inflows over the trailing 12 months.
Record inflows push assets to $15.3 trillion
The firm brought in $192 billion of net inflows during the second quarter alone, its strongest first half on record. Flows through the first six months of 2026 topped $321 billion, more than double the total from the same period last year.
Ishares, Blackrock's exchange-traded fund platform, crossed $6 trillion in assets under management. The unit pulled in $178 billion of net inflows in the quarter, led by $85 billion into core equity ETFs.
Tokenization moves from concept to filings
Blackrock disclosed it has filed two registration statements with the SEC for tokenized money market funds. One would create a tokenized share class on ethereum for an existing fund; the other is a digitally native strategy with daily dividend reinvestment.
Chief Financial Officer Martin Small said the filings aim to connect the firm's cash products to investors who already hold assets in digital wallets. He noted the funds are expected to operate across multiple blockchains, with stablecoins supporting subscriptions and redemptions directly on chain.
Bitcoin and stablecoin business expands
Blackrock now holds roughly $110 billion in AUM connected to digital assets, with its Ishares Bitcoin Trust, Ethereum Trust, and BUIDL tokenized fund the largest in their categories. The company also manages $60 billion in reserves for stablecoin issuer Circle, about a quarter of the $300 billion stablecoin market.
Despite a decline in bitcoin and ethereum prices during the quarter, Small said Blackrock's European bitcoin ETF took in more than $650 million in international demand. Its financial tables showed digital asset AUM falling to $48.8 billion from $60.7 billion in the first quarter, reflecting those price declines.
Source: Bitcoin News
Trading involves risk.
Risk Disclaimer
