Fidelity Investments Partners with Bitwise to Offer Institutional Bitcoin Trading and Custody Services
BlackRock Adds New Bitcoin Custodian, Anchorage Digital, Alongside Coinbase
In a move that cements its commitment to the growing cryptocurrency market, BlackRock, the world's largest asset manager, has announced the addition of Anchorage Digital, a new bitcoin custodian, to its roster of custodial services. This development comes just weeks after the company revealed a partnership with Coinbase, a leading digital asset exchange.
As part of the agreement, Anchorage Digital will provide BlackRock with secure and compliant custody solutions for its bitcoin holdings. This partnership marks a significant expansion of BlackRock's offerings in the digital asset space, allowing the company to further diversify its investment products and services.
Anchorage Digital, a regulated and insured custodian, specializes in providing institutional-grade custody solutions for digital assets. The company's technology platform is designed to provide a secure, efficient, and compliant way for institutional investors to hold and manage their digital assets.
"We are thrilled to partner with Anchorage Digital, a leading innovator in the digital asset custody space," said Mark Wiedman, Head of BlackRock's Alternatives and Multi-Asset Solutions. "This partnership further strengthens our commitment to providing our clients with access to a broad range of investment opportunities, including digital assets."
The addition of Anchorage Digital to BlackRock's roster of custodial services underscores the growing importance of digital assets in the investment landscape. As institutional investors increasingly seek to diversify their portfolios and gain exposure to the rapidly growing cryptocurrency market, BlackRock's expanded offerings are poised to meet this demand.
"We are excited to work with BlackRock, a global leader in the asset management industry," said Dieter Jaskulla, CEO of Anchorage Digital. "This partnership represents a significant milestone for our company, and we look forward to working together to provide institutional investors with the secure and compliant custody solutions they need to succeed in the digital asset space."
The partnership between BlackRock and Anchorage Digital is expected to enhance the company's ability to provide its clients with access to a broad range of digital asset investment opportunities, further solidifying its position as a leading player in the rapidly evolving cryptocurrency market.