tl;dr
Paul Taylor, a venture partner at BlackRock, has joined PairedWorld's advisory board as the company successfully closed a $1.5 million funding round, focusing on enhancing real-world social interactions through blockchain technology. PairedWorld's model rewards physical social engagement to address ...
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Paul Taylor, a venture partner at BlackRock, has joined PairedWorld's advisory board as the company successfully closed a $1.5 million funding round, focusing on enhancing real-world social interactions through blockchain technology. PairedWorld's model rewards physical social engagement to address digital addiction and loneliness, while also providing new data avenues for consumer brands through Real World Interactions (RWIs). Taylor's expertise in fintech and blockchain is expected to significantly boost PairedWorld's protocol development.
Meanwhile, under CEO Larry Fink’s leadership, BlackRock is expanding its horizon. The asset management firm has shifted from traditional environment, social, and governance (ESG) labels to more specific investment categories. These include climate, green, and transition funds. This strategic pivot is part of BlackRock’s effort to lead in the global market amidst a politicized environment surrounding ESG investing. The company’s climate transition funds have shown remarkable growth, drawing $13.9 billion in net flows last year.
BlackRock has indeed maintained a proactive approach in emerging sectors. This is highlighted by its foray into the tokenization of real-world assets. Moreover, BlackRock’s iShares Bitcoin Trust has been the fastest-growing spot Bitcoin ETF, amassing over $15 billion in inflows within three months of its launch.
In addition to its blockchain ventures, BlackRock is extending its influence into new markets, including Saudi Arabia. Recently, BlackRock opened its first office in Riyadh, signaling a deep commitment to the Middle Eastern market. This expansion allows BlackRock to tap into the state-owned Public Investment Fund (PIF), which controls approximately $925 billion.
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