The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← BlackRock

Gravity

thin — Aladdin monitors ~$21.6T assets (2020, a STOCK not a flow); Tech Services rev ~$1.5B/yr (FY23) is the value captured. Gravity << capitalization by ~4 orders.

med confidence · as of 2026-07-26 · about BlackRock

Sourced figures 2


the working

Threads 1

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to BlackRock.