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BlackRock Executive Says Digital Identity Infrastructure Critical for Institutional Involvement in DeFi

June 23 (Cointime) - Joseph Chalom, head of strategic partnerships at BlackRock, emphasized the importance of developing digital identity infrastructure for decentralized finance (DeFi) to attract large institutional players. However, this may contradict the privacy values of crypto natives. BlackRock's recent application to list a bitcoin exchange-traded fund (ETF) positions them as a potential industry leader, with greater influence over industry rules. Chalom stated that identifying counterparties is crucial for institutions like BlackRock to avoid legal repercussions, and called for a clear understanding of who is in a pool.

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