Coinbase va furniza servicii cripto clienților instituționali BlackRock

Coinbase are a anunțat a new partnership with  BlackRock to provide direct crypto services for its institutional clients using Aladin –an end-to-end investment management platform of the asset manager.

According to the Aug. 4 announcement, the services would include crypto trading, custody, prime brokerage, and reporting capabilities provided through Coinbase prime.

Joseph Chalom, the global head of strategic ecosystem partnerships at BlackRock, said:

„Clienții noștri instituționali sunt din ce în ce mai interesați să obțină expunere pe piețele activelor digitale și se concentrează asupra modului de a gestiona eficient ciclul de viață operațional al acestor active. Această conexiune cu Aladdin le va permite clienților să-și gestioneze expunerile la bitcoin direct în fluxurile de lucru existente de gestionare a portofoliului și de tranzacționare, pentru o viziune completă a portofoliului de risc în toate clasele de active.”

Blackrock is the largest asset manager in the world with over $8 trillion in assets under management.

In March, BlackRock’s CEO Larry Fink a spus the asset manager was looking at how to serve clients with digital currencies, citing the increased interest in the space.

The news comes at a time when the crypto industry is just recovering from a crash that saw the value of Bitcoin (BTC) and other digital assets drop to record lows. It is also coming at a time when Coinbase is faced with increased controlul reglementar over its listings.

Meanwhile, Coinbase’s shares have reacted positively to this news, jumping by around 40% to as high as $116. However, it has tras inapoi to $93.81 as of press time.