BlackRock, the world’s largest asset manager, is to provide cryptocurrency access to institutional clients of its investment management platform Aladdin. The solution is enabled by integrating with Coinbase to provide crypto trading starting with Bitcoin. Additionally the Coinbase Prime platform will provide custody, prime brokerage and reporting. It is available to clients that are also customers of Coinbase Prime.
“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,” said Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock. “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’s custody is provided by Coinbase Custody Trust Company which is registered as a fiduciary under New York state banking law.
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