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You are here: Home / Bitcoin Industry News / BlackRock Expands Digital Asset Team, Adds Four High-Level Roles

March 27, 2025

BlackRock Expands Digital Asset Team, Adds Four High-Level Roles

BlackRock is looking to add more people to its digital asset team as the industry grows in popularity among Wall Street firms.

Since the inauguration of U.S. President Donald Trump, big names in finance have taken several steps to expand their presence in crypto. While BlackRock has long been a pioneer in the space, especially among traditional financial banks, the asset manager seems to have more in store.

Four roles on BlackRock’s digital asset team were added to its website on Wednesday, including Director of Digital Assets, Director of Regulatory Affairs, Vice President for Digital Asset and ETF Legal Counsel and Associate for Digital Asset.

According to the job description, three of the roles are based in New York and another one in Atlanta. The descriptions have otherwise been kept fairly broad and don’t give away any clues regarding what BlackRock might be looking to work on in the future.

For the role of the legal counsel, the company is seeking somebody who can help with future crypto exchange-traded fund (ETF) launches. BlackRock has so far issued two spot ETF products, the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHE).

Other issuers have applied to launch funds for several other crypto assets, including Solana (SOL), XRP, and Litecoin (LTC). BlackRock has not announced any plans to do the same.

The asset manager is also strongly focused on tokenization, a sector in which it has quickly become a leading force.

The firm’s tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has drawn in $1.7 billion since its introduction in 2023, making it by far the largest tokenized fund on the market currently.

Author: Helene Braun

Filed Under: Bitcoin Industry News

Expert Witness

Ty Sagalow head shotTy Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Bitcoin Insurance

Combining his talents as a network security insurance expert and an insurance product development expert, Ty Sagalow is the leading expert on the unique risk and insurance needs of the bitcoin industry.

With the successful sale of BitSecure(tm), the first bitcoin theft insurance policy in February of 2015, he is the first to create a sustainable, robust insurance policy to cover the theft of bitcoins and other virtual currency backed by an A-Rated, global “top 10” Property and Casualty insurance company.

Company Profile

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

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