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BlackRock introduces India's 'digital-first' investment offering with crypto support

BlackRock introduces India’s ‘digital-first’ investment offering with crypto support

– BlackRock has formed a major investment partnership with Jio Financial Services in India.

– The joint venture, named “Jio BlackRock,” aims to provide affordable and innovative investment solutions to Indian investors.

– BlackRock will contribute its expertise in investment management, tech access, operations, scale, and market intellectual capital, while Jio Financial Services will provide local market insights and digital infrastructure.

– The partnership is subject to regulatory and statutory approvals before its launch.

– BlackRock and Jio Financial Services did not specify any plans for cryptocurrencies or digital assets in their announcement.

– BlackRock analysts have recently reiterated that an optimal investment allocation should include 84.9% BTC, 9% stocks, and 6% real estate.

– BlackRock has filed an application for a spot Bitcoin ETF in the United States, which has fueled bullish action on cryptocurrency markets.

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