BlackRock, the worldwide leader in asset management, has collaborated with crypto bank Anchorage Digital for advanced coin custody services. Blockchain-related investments have provoked an expansion of their offerings. The partnership is to meet the rising demand for enhanced security and efficiency for crypto from institutions and retail investors.
BlackRock’s growing digital asset portfolio will receive secure storage, staking, and settlement solutions from Anchorage Digital, the first federally chartered crypto bank in the U.S. The partnership aims to further broaden BlackRock’s digital asset reach. To ensure strong protection and efficient functioning, these services support BlackRock’s expanding selection of crypto offerings.
At present, BlackRock manages more than $47 billion in digital assets, mainly Bitcoin and Ethereum. Its iShares Bitcoin Trust ETF has so far gathered billions in investments, which more or less solidifies it as the leader in crypto-based exchange-traded products. The deal with Anchorage dramatically broadens existing BlackRock crypto staffing, which now also includes Coinbase as a second custodian for the Bitcoin ETF.
