Blackrock, JPMorgan and Visa Bolster Grayscale’s Crypto Growth Case

Grayscale points to tokenized funds and stablecoin payments as evidence that crypto is becoming embedded in mainstream finance. Its research chief argues that institutional adoption should help sustain the industry’s progress regardless of the U.S. midterm election outcome. Blackrock, JPMorgan, and Visa are embedding digital assets in mainstream finance, bolstering crypto’s prospects regardless of the U.S. midterm election outcome, Grayscale argued on Oct. 28. Zach Pandl, head of research at the digital asset manager, cited those companies alongside Franklin Templeton, Mastercard, Fiserv, and Stripe as examples supporting his assessment of institutional crypto adoption . He wrote: Eligible European investors gained access to blockchain-based versions of existing cash-management strategies through Blackrock’s (NYSE: BLK) European tokenized fund share classes on Aug. 4.

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