Blackrock, the world’s largest asset manager, has signed a comprehensive cooperation with Anchorage Digital, offering crypto asset storage solutions. Within the scope of the agreement between the parties, additional storage services will be provided for Blackrock’s spot crypto asset exchange investment funds. This development is evaluated in efforts to build bridges between crypto assets and traditional finance.
Blackrock Crypto Partnership
The agreement intends to deepen Anchorage Digital’s current cooperation with Blackrock. The company will offer comprehensive storage solutions to respond to Blackrock’s increasing institutional and individual investor demand. Anchorage Digital officials said that their services may play a standard decisive role at this new stage.
Anchorage Digital CEO Nathan McCauley: “While Blackrock continues to bridge between crypto assets and traditional finance, this opportunity can prepare the ground for the determination of new standards.”
Security measures
Blackrock preferred Anchorage Digital as an additional storage service provider for Spot Crypto Asset investment funds and expanding product portfolio. The agreement is aimed at meeting the need for funds with approximately $ 50 billion management.
During the election process of the organization, Blackrock officials highlighted Anchorage Digital’s expertise in institutional security and storage services.
Blackrock Digital Asset Officer Robert Mitchnick: “As a result of a comprehensive assessment, the Anchorage clearly meets our digital standards and adds value to our service provider network.”
Within the framework of the agreement, Anchorage Digital continues to provide services that distinguish the assets of customers and provide additional protection in case of bankruptcy. While the company keeps its special switches in offline, it also applies additional safety measures such as biometric verification.
In the competitive environment in the sector, Blackrock raises the possibility that other major investment organizations will guide similar services. The transition process between the traditional investment market and crypto assets may further agglomerate the existing competition.
Anchorage Digital has previously cooperated with other financial institutions and serves big names such as Cantor Fitzgerald. Within the scope of this cooperation, the experience and security measures implemented by the company are highlighted.
The agreement can contribute to both Blackrock’s strengthening product portfolio in the field of digital assets and increasing the service diversity of Anchorage Digital. Developments may be beneficial for both sides to adapt to market conditions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
