12:22:34 PM PDT - Saturday, August 13th, 2022

BlackRock hops on bitcoin bandwagon with new Coinbase tie-up  

By Editor - Thu Aug 04, 8:34 am

After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with publicly traded Coinbase to provide its institutional clients with access to cryptocurrency. Bitcoin is the first digital asset being offered through the partnership, according to a blog post Coinbase, the most popular crypto exchange in the U.S., released on the matter today. BlackRock’s Aladdin investment management platform will offer connectivity to Coinbase Prime to offer crypto trading, custody, prime brokerage and reporting capabilities to shared clients. “Common clients of Aladdin and Coinbase will be able to manage their bitcoin exposures alongside their public and private investments for a whole-portfolio view of risk,” BlackRock wrote in an announcement

More here:

BlackRock hops on bitcoin bandwagon with new Coinbase tie-up

Leave a Reply

You must sign in to post a comment.