BlackRock exec joins crypto startup Blockstack

Blockstack, the blockchain startup, announced Wednesday that it has brought on Saurabh Pathak, a former BlackRock executive, as its Financial Controller. 

BlackRock, the $6 trillion money manager, is the largest firm of its kind on Wall Street. Pathak prior to going Blockstack most recently oversaw $4 trillion in assets for the firm as controller of the firm's Americas region. He also was CFO of BlackRock Canada. 

Blockstack describes itself as a "new internet" for decentralized applications. Although its business doesn't line up with what a firm like BlackRock does, Pathak will help Blockstack address regulatory and compliance questions, the company said. 

"Saurabh will lead our financial controls and take ownership of accounting, financials, and reporting for Blockstack PBC and all of its subsidiaries," the firm said in a blog post announcing the hire.