BlackRock, the globe’s largest asset manager, has teamed up with crypto exchange Coinbase to provide institutional investors with new crypto access points.
Through the strategic partnership, BlackRock’s Aladdin will be connected with Coinbase Prime to provide institutional investors with direct and seamless access to crypto, beginning with Bitcoin (BTC).
Joseph Chalom, the global head of strategic ecosystem partnerships at BlackRock, pointed out:
“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets.”
With assets under management clocking $10 trillion by the end of last year, BlackRock has emerged as a significant global player to the extent that it has been dubbed the “fourth branch of government.”
Therefore, Aladdin, the end-to-end investment management platform of BlackRock, seeks to boost crypto adoption among institutional investors. Chalom added:...
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