BlackRock is expanding into tokenized finance while Morgan Stanley downgrades Circle Internet.
2 reports, 2 independent
Updated Aug 5
Gone quiet
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
BlackRock is expanding into tokenized finance while Morgan Stanley downgrades Circle Internet.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.MS cites slower USDC growth and rising competition; BlackRock plans BUIDL deployment on Arc.1 source
MS downgraded Circle as BlackRock expands into tokenized finance.1 source
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The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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BlackRock
American multinational investment management corporation
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Morgan Stanley
U.S. investment bank
Related events
- Larry Fink is the chief of BlackRock, and Tom Lee is analyzing the tokenization potential of assets.
- A fund utilized BlackRock for a cash sweep on August 19, 2026.
- Fund strategy utilizes BlackRock funds involving STK.
- BlackRock issues funds focused on Bitcoin, utilizing Coinbase as the shared custodian.
- BlackRock sponsors an ETF that holds stock in ConocoPhillips.