BlackRock to Lead Funding Round in iCapital Network’s Digital Platform

[kreslik.news]

iCapital Network, a financial technology platform and solutions provider for broker-dealers, and private banks, has secured funding from BlackRock (NYSE: BLK), helping inject capital into its initiative to develop a digital alternative investments platform, per a company statement.

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As a key player in the asset and risk management space, BlackRock makes for a strategic choice to lead iCapital Network next funding round. In addition, Frank Porcelli, the acting Chairman of BlackRock’s US Wealth Advisory business, is slated to join iCapital’s Board of Directors – he will ... (read more)