BlackRock has partnered with BNY Mellon to launch a groundbreaking $150 billion blockchain-based fund, marking a significant step forward for institutional adoption of this technology. This move signifies increasing bullish sentiment towards blockchain and its potential to revolutionize finance. Despite no direct exposure to cryptocurrencies, the fund highlights blockchain’s role in modern finance, signaling the growing trust that corporations have in its innovative potential. BlackRock CEO Larry Fink believes decentralized finance offers several advantages – speed, cost-efficiency, and transparency. However, he also expresses concern about the impact of this innovation on American economic dominance.