BlackRock, the world’s largest asset manager, is partnering with US crypto exchange giant Coinbase, to offer digital asset exposure to institutional clients.
- Coinbase announced the collaboration in a blog post on Thursday (August 4, 2022). According to the statement, institutional clients of BlackRock’s investment management platform Aladdin (Asset, Liability, Debt, and Derivative Investment Network) will be able to access crypto through Coinbase Prime.
- Global Head of Strategic Ecosystem Partnerships at BlackRock, Joseph Chalom, said that there has been an increased interest in seeking digital assets exposure from the company’s institutional clients. Chalom added:
“This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”
- Coinbase Prime will handle trading and custody services for Aladdin customers. For now, clients will have institutional exposure to bitcoin, while both parties will work together to introduce more functionalities to interested customers.
- As previously reported by CryptoPotato, BlackRock earlier stated plans to launch cryptocurrency trading services.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
- AA News
- Bitcoin
- BlackRock
- blockchain
- blockchain compliance
- blockchain conference
- BTCEUR
- BTCGBP
- BTCUSD
- BTCUSDT
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- Crypto News
- cryptocurrency
- CryptoPotato
- decentralized
- DeFi
- Digital Assets
- ethereum
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from CryptoPotato
Bitcoin Price Eyes $40K Amid Massive Volatility, Leaves Bears in Disbelief
Source Node: 1186974
Time Stamp: Feb 25, 2022
Neptune Mutual Gamified Testnet Set to Launch on March 10
Source Node: 1196582
Time Stamp: Mar 3, 2022
MTO Releases its MVP for the First Consumer Protection Protocol on Blockchain
Source Node: 1618936
Time Stamp: Mar 1, 2022
IOTA Foundation Selected to Participate in Europe’s Blockchain Infrastructure Project
Source Node: 1063907
Time Stamp: Sep 8, 2021
Kraken Might Choose IPO Instead of Direct Listing Following Coinbase’s Shaky Debut, CEO Explains
Source Node: 915724
Time Stamp: Jun 11, 2021
FTX Chasing Bankman-Fried Family for Answers Over Wealth: Report
Source Node: 1921704
Time Stamp: Jan 27, 2023
Polygon to Launch an All-Purpose Blockchain Dubbed Avail
Source Node: 948437
Time Stamp: Jun 28, 2021
Three Months Later: Binance Shuts Down Stock Tokens Trading
Source Node: 982006
Time Stamp: Jul 16, 2021
Alameda, FTX Ventures Websites Down Following FTX Disaster
Source Node: 1752523
Time Stamp: Nov 9, 2022