NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Investing

BlackRock to offer crypto to institutional clients via Coinbase

by August 4, 2022
written by August 4, 2022

BlackRock (NYSE: BLK), the world’s leading investment manager with over $10 trillion in assets under management, will use Coinbase (NASDAQ: COIN) to provide direct crypto access to its institutional clients, according to news shared by Coinbase on Thursday.

The news was announced via a blog post authored by Brett Tejpaul, head of Coinbase Institutional and Greg Tusar,  Coinbase VP of Institutional Product.

According to Tejpaul and Tusar, BlackRock and the US-based crypto platform have partnered to offer crypto to institutional clients of Aladdin, the end-to-end investment management arm of BlackRock.

In this arrangement, Coinbase Prime will provide Aladdin clients access to crypto custody, trading, and prime brokerage, as reporting capabilities. And at least initially, clients will have “direct access to crypto, starting with bitcoin,” Tejpaul and Tusar added.

However, the service is only available to institutional clients that are customers of both companies.

Increased client demand

The partnership comes as BlackRock’s institutional clients increasingly seek exposure to crypto markets, the company’s global head of partnerships Joseph Chalom said in a statement. He 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 launched its Institutional offering in May 2021 and provides services to thousands of clients, with over 100 digital assets accessible on multiple blockchains. One of Coinbase Institutional’s latest offerings is Ethereum (ETH) staking, announced on 1 August.

In terms of  clients, the platform counts financial institutions, hedge funds, asset allocators, and corporate treasuries among others.

The post BlackRock to offer crypto to institutional clients via Coinbase appeared first on Invezz.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Eli Lilly Q2 results: its Alzheimer’s drug could be ‘the biggest drug in history’
next post
Meme stock AMTD is 21,000% since July IPO – What you need to know

You may also like

A top Wall Street analyst says this EV...

January 31, 2023

Employment cost index undershoots expectations; Labour costs likely...

January 31, 2023

Key wage inflation measure eases in Q4: don’t...

January 31, 2023

Weekly markets TL;DR: Massive week ahead for stocks,...

January 31, 2023

Scottish Mortgage Trust share price headwinds put recovery...

January 31, 2023

IMF projects global growth at 2.9%; Disinflation to...

January 31, 2023

Chinese PMIs spark to life after covid restrictions...

January 31, 2023

Should you buy Apple shares ahead of its...

January 30, 2023

Mercedes-Benz just beat Elon Musk’s Tesla in its...

January 30, 2023

Amid recessionary fears, Texas manufacturing disappoints for the...

January 30, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    My Trigger to Enter $VAPR

  • 2

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 3

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 4

    Pay Attention to These Stocks

  • 5

    New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

Recent Posts

  • A top Wall Street analyst says this EV stock could cut in half this year

    January 31, 2023
  • Employment cost index undershoots expectations; Labour costs likely peaked

    January 31, 2023
  • Key wage inflation measure eases in Q4: don’t be ‘too bullish’ on stocks

    January 31, 2023
  • China: House Divided

    January 31, 2023
  • Markets Aid Rhino Survival

    January 31, 2023

Categories

  • Economy (600)
  • Editor's Pick (232)
  • Investing (1,587)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick