Gone are the days of first small timid experiments with Bitcoin (BTC): since this year 2022 BlackRock shifted into high gear with crypto-assets. This time, the giant investment fund sets its sights on Coinbase. BlackRock is indeed very interested in the institutional service of the exchange for its own wealthy clients.
Coinbase invited into the big leagues by BlackRock
In a press release published on August 4, the crypto-stock exchange Coinbase announcement to be associated with the multinational investment BlackRock. The trading platform will provide a first class service to institutional clients of Aladdin by BlackRock.
This crypto-asset trading and custody offer will be made via the services of Coinbase Premium. It will only concern the king of cryptos, Bitcoinfirst, before opening up to other cryptocurrencies.
“Our institutional clients increasingly want exposure to digital asset markets. (…) This connectivity with Aladdin will allow clients to manage their Bitcoin exposures directly within their existing trading and portfolio management feeds, for a holistic view of risk across all asset classes. »
Joseph Chalom, Global Head of Ecosystem Strategic Partnerships at BlackRock
In April 2022, it is the dollar stablecoin of CircleI’USDCwhich had right to investment from BlackRock. The giant with more than $10 trillion of assets under management definitely seems to have swung to the crypto side of the Force.